FDIC Chair Martin Gruenberg to step down as new bank rules loom ...Middle East

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FDIC Chair Martin Gruenberg to step down as new bank rules loom
source : NY Times News ( Middle East ) () 80
FDIC Chair Martin Gruenberg said Monday that he is prepared to step down less than a week after he rebuffed bipartisan calls to resign, a shake-up that could have implications for an aggressive campaign to impose tougher regulations on US banks. Gruenberg has been reeling from reports revealing a toxic workplace riddled with sexual harassment, bullying, and other misconduct, including a 234-page independent review commissioned following stories published by the Wall Street Journal. As recently as last week, the FDIC boss made it clear he wanted to remain in charge so he could help the agency fix its problems. That changed this week as his support on Capitol Hill eroded. Federal Depos

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