Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), announced his resignation effective January 19, 2025, just before President-elect Donald Trump’s inauguration. The decision preempts potential legal disputes if Trump were to dismiss him immediately upon taking office. Gruenberg’s resignation follows mounting pressure over an external investigation alleging a toxic workplace culture at the FDIC. President Biden had nominated Christy Goldsmith Romero for the role, but her confirmation remains stalled in the Senate.
