Bipartisan calls for Martin Gruenberg to resign

The Republican leadership of the House Financial Services Committee called on Federal Deposit Insurance Corp. Chair Martin Gruenberg to resign this afternoon, just hours after the release of an independent report into the agency’s workplace culture.

It’s a bad report. Take it from Gruenberg himself. The long-time FDIC leader, who has served on the agency’s board since 2005, told his employees in a note today that the report was “sobering.”