07:34 AM EDT, 05/21/2024 (MT Newswires) -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg said he is ready to resign from his post in the wake of an external investigation that found widespread sexual harassment at the agency.

"In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed," Gruenberg said in a statement. "Until that time, I will continue to fulfill my responsibilities as chairman of the FDIC, including the transformation of the FDIC's workplace culture."