Dem senator urges Biden to replace FDIC chairman

There’s growing political pressure to remove the chairman of the Federal Deposit Insurance Corporation. FDIC Chair Martin Gruenberg’s job is in jeopardy following a report about the agency’s toxic workplace culture and growing calls from Congress for a change in leadership. Senator Sherrod Brown, who chairs the Senate Banking Committee, became the first Democrat to call on President Biden to replace Greunberg. Last week, a White House spokesperson said there were no personnel decisions to announce at the FDIC, which is one of several banking system regulators.