FDIC Chair ‘Deeply Troubled’ by Workplace Misconduct Claims

The head of the Federal Deposit Insurance Corp. told lawmakers on Tuesday that his agency had launched an investigation into reports of misogynistic culture among bank examiners that prompted women to quit the agency.

FDIC Chairman Martin Gruenberg said the agency had no tolerance for the alleged misconduct in its workplace, which was detailed in a Wall Street Journal article on Monday. The newspaper’s investigation found that female examiners left the FDIC after facing what the article described as a “sexualized, boys’ club environment,” and because they said they were given fewer opportunities than male colleagues.