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Excerpt from www.pressdemocrat.com
NEW YORK — Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation, will step down from his post once a successor is appointed, the White House said Monday.
Gruenberg’s announced departure comes after damning report about the agency’s toxic workplace culture was released earlier this month and political pressure from the top Democrat on the Senate Banking Committee, who called for his resignation earlier in the day.
In a statement, the White House said that President Joe Biden will name a replacement for Gruenberg “soon” and called for the Senate to quickly confirm the person’s nomination.