FDIC Head ‘Personally Disturbed’ by Workplace Sexual Misconduct Allegations Against the Agency

Martin Gruenberg launched ‘a comprehensive review’ following the report that described the FDIC as a ’sexualized boys’ club environment.’

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

Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), was “personally disturbed and deeply troubled” by allegations against the FDIC of sexual harassment and workplace misconduct.

The Wall Street Journal published a report on Nov. 13 titled “Strip Clubs, Lewd Photos and a Boozy Hotel: The Toxic Atmosphere at Bank Regulator FDIC.”