Martin Gruenberg announced he will step down as chairman of the Federal Deposit Insurance Corporation (FDIC) following the release of an independent review that criticized the agency’s lack of response to employee claims of sexual harassment and discrimination.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...