FDIC Chairman Martin Gruenberg told colleagues he will retire on Jan. 19, according to media reports of his message to agency staff.
FDIC’s Gruenberg to retire in January
November 20, 2024 / By ICBA
FDIC Chairman Martin Gruenberg told colleagues he will retire on Jan. 19, according to media reports of his message to agency staff.
FDIC Chairman Martin Gruenberg told colleagues he will retire on Jan. 19, according to media reports of his message to agency staff.
Tenure: Gruenberg has been a member of the FDIC board of directors since August 2005. He has served as chairman twice, from 2012 to 2018 and again since January 2023.
Recent Developments: An independent review released in April found the FDIC failed to provide a workplace safe from misconduct and that management’s responses have been insufficient. Gruenberg said in May that he would step down once a successor is confirmed, though the Senate has not advanced President Joe Biden's nominee, Christy Goldsmith Romero.
Hearing Today: Gruenberg and other bank regulators are due to testify at a House Financial Services Committee oversight hearing at 10 a.m. (Eastern time) today.
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