More than a hundred million American households have money in bank accounts

protected by the Federal Deposit Insurance Corporation or FDIC. The agency's

Chairman Martin Gruenberg is now facing calls to resign. And as Laura Barone

Lopez reports his resignation could change the FDIC's plans for

regulating banks, Laura. That's right, Omni. This all comes after a recent audit in major news investigation found serious problems with the

FDIC's workplace culture, including pervasive sexual harassment, bullying, and discrimination on the basis of gender, race, and sexuality,

all spanning a period of decades.

Martin Grunberg has spent the last two days trying to convince

skeptical lawmakers on Capitol Hill that he should keep his job.

But that didn't stop a bipartisan wave of anger and reprimands.

The level of intimidation that is embedded in the culture after a decade of your leadership,

you can't just unravel it. You can't unscramble that egg.

You've heard me say this to you directly. You should resign. Your

employees do not have confidence in you.

For more, we are joined by Rebecca Ballhouse, an investigative reporter who broke this story for the Wall Street Journal.

Rebecca, thanks so much for joining the news hour.

You published a story in November of 2023

after speaking with more than 100 FDIC employees,

including 20 women who quit their jobs because of the toxic culture

at the agency.

Can you give us a sense of what those women shared with you?

Yeah, it was really a pretty astounding period of talking to these women over many months.

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