FDIC chair apologizes to staff after probe finds toxic workplace culture

FDIC Chairman Martin Gruenberg said Tuesday that a law firm’s investigation confirmed a report alleging widespread sexual misconduct, lewd behavior and retaliatory administrative actions at the federal banking regulator. He then apologized to the staff. “I would like to once again express my deepest regrets to those who have experienced sexual harassment or other misconduct […]
FDIC Consent Orders Highlight FinTech Risk to Finance – PYMNTS.com

It is well documented that banks and fintechs, once primarily competitors, are collaborating on financial services innovation. But for banks that partner with these digital-only companies, regulators are also at play, which may require new approaches to how they build and maintain partnerships, and in turn, Banks may have to weigh risks and benefits. Call […]
Former FDIC attorney pleads guilty conspiring to sexually exploit children

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