(Reuters) - Maxine Waters, the top Democrat on the U.S. House Financial Services Committee, expressed dismay on Thursday at reports of sexual misconduct and other workplace problems at the U.S. Federal Deposit Insurance Corporation but stopped short of calling for the chair's resignation. An outside review released on Tuesday found the agency needed to adopt sweeping changes to fix workplace culture and address harassment, racial discrimination and other longstanding problems, citing accounts from more than 500 people, mostly current staff. THE TAKERepublican lawmakers since November have angrily called for FDIC Chair Martin Gruenberg to resign in the wake of the Wall Street Journal expose which prompted the investigation, conducted by the law firm Cleary Gottlieb Steen & Hamilton. Support from Waters, a key Democratic player in congressional oversight of the agency, which is charged with helping ensure the stability of the U.S. banking system, will be crucial in helping Gruenberg survive calls for his ouster. KEY QUOTE"Chairman Gruenberg must work diligently to fix what is broken at the FDIC and to restore the trust of employees in his leadership and in the organization," Waters said in her statement.

Source: ABC News May 09, 2024 16:24 UTC