The investigation was commissioned by the FDIC last year after revelations of widespread misconduct.
The damning report looks terrible for FDIC leadership, particularly chair Martin Gruenberg, who is a President Biden nominee.
Law firm Cleary Gottlieb spoke with 500 FDIC employees — out of close to 6,000 total — many who recounted experiences of sexual harassment and described widespread fear of retaliation.Between the lines: Gruenberg isn't the "root cause of all the workplace issues," the authors note, but "'tone at the top' is important."
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