FDIC Chair to Step Down, Clearing the Way for Change Under Trump

Martin Gruenberg, an advocate of strict capital requirements and scrutiny of bank mergers, will retire in January.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg testifies before the Senate Banking, Housing and Urban Affairs Committee in Washington on March 28, 2023. Win McNamee/Getty Images

Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg has announced his retirement effective Jan. 19, 2025, one day before President-elect Donald Trump is set to be sworn into office.

“It has been the greatest honor of my career to serve at the FDIC,” Gruenberg wrote in a Nov. 19 message to agency staff that was viewed by The Epoch Times. “I have especially valued the privilege of working with the dedicated public servants who carry out the critically important mission of this agency.”