Embattled FDIC Chief Takes Responsibility for Toxic Workplace Culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg took responsibility and apologized for the agency’s workplace culture in a video to staff Friday, while indicating he doesn’t plan to bow to pressure from Republican senators to resign.

“As chairman, I am ultimately responsible for the actions of our agency, both good and bad,” Gruenberg said in his second video message to staff this week. “I bear responsibility for setting the tone for our culture.”