Embattled FDIC Chief Takes Accountability for Poisonous Office Tradition

Federal Deposit Insurance coverage Corp. Chairman Martin Gruenberg took accountability and apologized for the company’s office tradition in a video to workers Friday, whereas indicating he doesn’t plan to bow to stress from Republican senators to resign.

“As chairman, I’m in the end accountable for the actions of our company, each good and dangerous,” Gruenberg stated in his second video message to workers this week. “I bear accountability for setting the tone for our tradition.”