Warren circled wagons around embattled FDIC chief

Senator Elizabeth Warren has been actively supporting FDIC Chair Martin Gruenberg amidst allegations of a toxic workplace under his leadership. Despite a damning report detailing sexual harassment and bullying at the FDIC, Warren and her team have been preparing Gruenberg for congressional hearings.

Gruenberg, who has served at the FDIC since 2005, faces calls for resignation due to his alleged role in fostering a problematic work environment and slow response to failing regional banks. However, his position is crucial for advancing a financial-regulation agenda, which includes stricter rules on banks and increased scrutiny of mergers.