Lawmakers From Both Parties Grill FDIC Chair Over Scathing Report on Toxic Workplace Culture

‘You fixing the agency is like asking Alec Baldwin to conduct a course on gun safety,’ said Sen. John Kennedy (R-La.).

Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), testifies before the House Financial Services Committee in Washington on Nov. 15, 2023. Madalina Vasiliu/The Epoch Times

House and Senate Republicans demanded that Martin Gruenberg, the Federal Deposit Insurance Corporation (FDIC) head, step down following a scathing report that identified various instances of misconduct across the banking regulator.

Mr. Gruenberg, alongside Fed Vice Chair for Supervision Michael Barr and Comptroller of the Currency Michael Hsu, appeared before the House Financial Services Committee and the Senate Banking Committee this week.