The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 15, 2025
Today: January 15, 2025

FDIC watchdog planning 'special inquiry' on agency leadership, sexual harassment

FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington
April 26, 2024
Reuters - Reuters

(Reuters) - A watchdog overseeing the U.S. Federal Deposit Insurance Corporation will conduct a "special inquiry" into to the agency leadership's handling of sexual harassment and other inappropriate conduct, a representative told Reuters on Tuesday.

The FDIC Office of Inspector General also plans to begin a "new evaluation project" to review reforms made since a prior investigation completed in 2020 into sexual misconduct in the FDIC workforce, the OIG's office said.

FDIC Chair Martin Gruenberg this month faced calls for his resignation following Wall Street Journal reporting which said a toxic culture of misogyny and discrimination persisted among the agency's male-dominated staff, causing numerous women to quit.

(Reporting by Douglas Gillison, Editing by Franklin Paul)

Related

Asia|Business|Fashion and Beauty|Lifestyle|Technology|Travel

China's RedNote: what you need to know about the app TikTok users are flocking to

Chinese social media app RedNote has been thrust into the limelight after more than half a million TikTok users recently joined the platform in protest against a likely imminent

China's RedNote: what you need to know about the app TikTok users are flocking to
Asia|Business|Science|Technology|World

Two private lunar landers head toward the moon in a roundabout journey

SpaceX has launched a pair of lunar landers for U.S. and Japanese companies looking to jumpstart business up there

Two private lunar landers head toward the moon in a roundabout journey
Asia|Business|Economy|Political|US

US importers rush in goods from China as Trump tariff threat looms

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics

US importers rush in goods from China as Trump tariff threat looms
Asia|Business|Economy|Technology

Japan's Makino Milling requests changes to unsolicited bid from Nidec

Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month.

Japan's Makino Milling requests changes to unsolicited bid from Nidec
Share This

Popular

Asia|Business|Political|Technology|World

India's navy launches submarine, warships to guard against China's presence in Indian Ocean

India's navy launches submarine, warships to guard against China's presence in Indian Ocean
Business|Economy|Europe|Finance|Political

UK inflation unexpectedly eases in December, which could reduce pressure in bond markets

UK inflation unexpectedly eases in December, which could reduce pressure in bond markets
Business|Economy|Europe|Finance

UK inflation falls to 2.5%, core price measures slow by more

UK inflation falls to 2.5%, core price measures slow by more
Business|Economy|Environment|Europe

Biggest IKEA retailer to invest $1 billion in recycling firms

Biggest IKEA retailer to invest $1 billion in recycling firms