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FDIC chair Martin Gruenberg to resign after sexual harassment allegations

After months-long scandal over misconduct at top bank regulator, Gruenberg said he would step down once a successor is confirmed

Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg announced his resignation on Monday, finally succumbing to a months-long scandal over sexual harassment and other misconduct at the top bank regulator.

Gruenberg said he would step down from his responsibilities once a successor is confirmed.

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