(Bloomberg) -- The embattled head of the Federal Deposit Insurance Corp. told lawmakers calling for his resignation that he was moving quickly to overhaul...
-- The embattled head of the Federal Deposit Insurance Corp . told lawmakers calling for his resignation that he was moving quickly to overhaul the agency’s workplace culture after a probe detailed complaints of sexual harassment and discrimination at the agency.
In response to the criticism, Gruenberg promised major changes and acknowledged “failing to recognize how my temperament in meetings impacted others and for not having identified deeper cultural issues at the FDIC sooner.” He apologized repeatedly to the agency’s employees. “The FDIC as an institution has a lot of work to do,” said Waters, referring to a plan to fix the agency’s culture. “The agency can start by expediting the implementation of the action plan.”
“I expect we will have a set of broad, material changes to the proposal that allow us to have a broad consensus in moving the proposal forward,” he said in the remarks, echoing previous comments.
Bloomberg Federal Deposit Insurance Corp Maxine Waters Michael Barr Workplace Culture President Joe Biden House Financial Services Committee Hearing
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