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https://www.wsj.com/politics/policy/fdic-chairman-martin-gruenberg-wont-oversee-misconduct-probe-3dbf244b

FDIC Chairman Martin Gruenberg Won’t Oversee Misconduct Probe

Two other agency directors, including GOP vice chair, also won’t participate in review of harassment and discrimination complaints

By

Rebecca Ballhaus

Nov. 21, 2023 1:56 pm ET

Federal Deposit Insurance Corp. Chairman Martin Gruenberg denied being subject to investigations for inappropriate workplace conduct at a House hearing, but later recanted his testimony, citing a 2008 investigation. Photo: Alex Wong/Getty Images

The Federal Deposit Insurance Corp. board is forming a special committee to oversee an independent review of the agency’s workplace culture, the agency said Tuesday, restricting the ability of the rest of the board—including the chairman—to influence the investigation.

The special committee, created by a unanimous vote of the board, will be led by Republican Jonathan McKernan, who was confirmed to the board by the Senate late last year, and Democrat Michael Hsu, who has served as acting comptroller of the currency and an FDIC board member since 2021.

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