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Stock impact report

FDIC's Gruenberg rebuffs bipartisan calls for his resignation as new banking rules loom [Yahoo! Finance Canada]

First Citizens BancShares, Inc. - Class A (FCNCA) 
a report that revealed a toxic workplace riddled with sexual harassment, bullying and other misconduct. The bank regulator said he accepted the findings of the 234-page independent review, which was commissioned by the FDIC following stories about its workplace published last year by The Wall Street Journal. The report, which was handled by law firm Cleary Gottlieb Steen & Hamilton, also showed instances of anger from Gruenberg that alarmed colleagues. "As chairman, I take full responsibility," Gruenberg said in testimony before the House Financial Services Committee. Federal Deposit Insurance Corporation Chairman Martin Gruenberg testifies on Capitol Hill in May 2023. REUTERS/Evelyn Hockstein (REUTERS / Reuters) "To anyone who has experienced sexual harassment discrimination or other misconduct at the FDIC, I again want to apologize and express how deeply sorry I am," he added. ADVERTISEMENT "I also acknowledge my own failures as Chairman, both in failing to recognize h Show less Read more
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