In a recent American Banker article, journalist John Heltman explores how US President Donald Trump's executive order banning diversity, equity, and inclusion (DEI) initiatives at federal agencies may complicate the US Federal Deposit Insurance Corporation's (FDIC) efforts to recover from its high-profile toxic culture scandal.
In November 2023, a bombshell Wall Street Journal article reported on allegations of rampant sexual harassment and discrimination among FDIC employees. A subsequent independent review labeled the agency a "good ol' boys club" rife with favoritism and insularity. That report, produced by law firm Cleary Gottlieb, included a number of recommendations as to how the FDIC could reform its policies and procedures to protect victims and hold those who commit misconduct accountable.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.