Inquiry Finds a Toxic Culture at the F.D.I.C., and Takes Aim at Its Leader

An investigation into the Federal Deposit Insurance Corporation (FDIC) has uncovered extensive sexual harassment, discrimination, and abuse within the agency, primarily targeting women and minorities. The report, conducted by law firm Cleary Gottlieb, highlights a toxic, patriarchal culture that has persisted for years, implicating senior officials and regional management in protecting abusers. This revelation comes ahead of FDIC chair Martin Gruenberg's upcoming congressional testimony, promising further scrutiny of the agency's internal practices.