Regulation

The FDIC chair is resigning under a cloud. He’s still in charge

Martin Gruenberg told staff he is prepared to remain for at least several months

Last week the chair of the Federal Deposit Insurance Corporation said he would resign. Then he went back to work.

After investigations revealed a toxic workplace at the federal banking regulator, FDIC chair Martin Gruenberg said he would step down when a successor is confirmed. But that could be a while.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached