Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), announced his resignation effective January 19, 2025, just before President-elect Donald Trump’s inauguration. The decision preempts potential legal disputes if Trump were to dismiss him immediately upon taking office. Gruenberg’s resignation follows mounting pressure over an external investigation alleging a toxic workplace culture at the FDIC. President Biden had nominated Christy Goldsmith Romero for the role, but her confirmation remains stalled in the Senate.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation,
00:05the FDIC, announced his resignation effective January 19th,
00:102025, just before President-elect Donald Trump's inauguration.
00:13The decision preempts potential legal disputes if Trump were to dismiss him immediately
00:18upon taking office. Gruenberg's resignation follows mounting pressure
00:22over an external investigation alleging a toxic workplace culture at the FDIC.
00:27President Biden nominated Christy Goldsmith-Romero for the role,
00:30but her confirmation remains stalled in the Senate.
00:33For all things money, visit Benzinga.com slash GSTV.