Maxine Waters backs FDIC chair after sexual harassment report ...Middle East

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The top Democrat on the House Financial Services Committee blasted a third-party investigation of sexual harassment and misconduct at the Federal Deposit Insurance Corp. (FDIC), arguing it focuses disproportionately the agency's current Democratic leader and not enough on his Republican predecessors. In a Thursday statement, Rep. Maxine Waters (D-Calif.) acknowledged cultural deficiencies at the FDIC, highlighted in the report by law firm Cleary Gottlieb Steen & Hamilton, but effectively stood up for FDIC Chair Martin Gruenberg as he faces bipartisan pressure to resign. “The Cleary report places the focus for ‘tone at the top’ solely on the Democratic chair under whose leadership t

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