US probe finds widespread sexual misconduct at FDIC, sources say

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US probe finds widespread sexual misconduct at FDIC, sources say
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Cleary Gottlieb also found evidence of widespread retaliation against employees who complained about supervisor misconduct, and little evidence that such retaliation was addressed, the sources said. In statement to staff, FDIC Chair Martin Gruenberg, who has been a senior leader at the agency for nearly two decades, said the report offered a"sobering" look at the regulator and said hundreds of staff"reported painful experiences of mistreatment and feelings of fear, anger, and sadness."

The probe was prompted by Wall Street Journal reports last year alleging sexual harassment and other misconduct had gone on for years within the FDIC and was unaddressed by senior leaders, and that in some cases Gruenberg had been personally involved in decisions that failed to punish misconduct.

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