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Update: Market Chatter: White House Official Says US FDIC Requires 'Fresh Start,' New Chair
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Update: Market Chatter: White House Official Says US FDIC Requires 'Fresh Start,' New Chair
May 21, 2024 1:04 PM

03:38 PM EDT, 05/21/2024 (MT Newswires) -- (Updates with FDIC's response in the third paragraph.)

The US Federal Deposit Insurance Corp. requires a "fresh start" with a new chairperson coming from outside the leadership that was in place amid allegations of sexual harassment and other misconduct within its ranks, Reuters reported Tuesday, citing a White House official.

On Monday, current FDIC Chairman Martin Gruenberg said he is prepared to resign after a successor is confirmed.

FDIC declined to comment to MT Newswires beyond White House and Gruenberg's statements.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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