The FDIC has a toxic, misogynistic work culture, investigation finds
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The Federal Deposit Insurance Commission (FDIC) is rife with “long-standing and deeply ingrained” workplace culture problems and misconduct, according to an independent investigation published Tuesday. The federal agency was found to have a “good ol’ boys” club culture “where favoritism is common, wagons are circled around managers, and senior executives with well-known reputations for pursuing romantic relations with subordinates enjoy long careers without any apparent consequence,” the...

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More from Quartz | Martin J. Gruenberg cleary gottlieb steen & hamilton Patrick McHenry Federal Deposit Insurance Corporation Banking in the United States Bank regulation in the United States Martin Gruenberg FEDERAL DEPOSIT INSURANCE Quartz martin j gruenberg cleary gottlieb steen hamilton patrick mchenry federal deposit insurance corporation banking in the united states bank regulation in the united states martin gruenberg federal deposit insurance Misconduct Organizational culture Workplace