(Photo by SAUL LOEB/AFP via Getty Images) The special committee will be chaired by two FDIC board members: acting Comptroller of the Currency Michael Hsu, a Democrat, and board member Jonathan ...

The House Financial Services Committee plans to open an investigation into the Federal Deposit Insurance Corporation (FDIC) in response to recent reports that the banking regulator fostered a ...

The Federal Deposit Insurance Corporation’s inspector general is creating a “special inquiry” into how FDIC leadership has ... it would create a “special committee” to investigate ...

"I support and welcome the action by the FDIC board today establishing a special review committee consisting of FDIC board members McKernan and Hsu to direct and oversee an independent, third-party ...

The FDIC's board of directors created a two-member special committee last month after Republicans insisted that FDIC Chair Martin Gruenberg recuse himself from overseeing the review. Republican ...

But after the House committee returned from a recess Wednesday afternoon, Gruenberg revealed he was the subject of an investigation in 2008, when he was Vice Chair at the FDIC. This came after the ...

The 234-page report was conducted by Cleary Gottlieb Steen & Hamilton at the request of a special committee formed by the FDIC last year. Investigators talked to 500 out of 6,000 FDIC employees ...

The inspector general’s office will conduct a special inquiry “to report on the leadership climate at the FDIC with regard to all forms of harassment and inappropriate behavior,” an IG ...

Following the November 2023 story, the FDIC Board of Directors formed a Special Review Committee to oversee a third-party report of the agency’s workplace culture. The report, conducted by law ...

This month, the FDIC's board of directors announced that a bipartisan special committee not involving Gruenberg would oversee the agency's own independent review of its workplace culture.