The administration of the Federal Deposit Insurance Corporation, which has come below hearth up to now week following a report of widespread sexual harassment and gender discrimination on the company, on Tuesday shaped a particular committee of its board of administrators to take over an investigation into the allegations.
The transfer ends a stand-off between the banking regulator’s Democratic management and its two Republican board members, who final week known as for FDIC chair Martin Gruenberg to recuse himself from the inquiry.
Jonathan McKernan, one of many two Republican FDIC board members, will co-chair the committee, together with Michael Hsu, who’s the President Biden-appointed performing head of the Office of the Comptroller of the Currency.
