Sources: US probe finds widespread sexual misconduct at FDIC

Source: Reuters

“The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, an independent report commissioned by the top bank regulator found, according to two sources familiar with the matter. More than 500 individuals reported instances of misconduct at the agency, most of them current FDIC employees, according to the people who have seen the report, which was authored by law firm Cleary Gottlieb following a five-month investigation. Cleary Gottlieb also found evidence of widespread retaliation against employees who complained about supervisor misconduct, and little evidence that such retaliation was addressed, the sources said. They declined to be identified in discussing the report before its expected publication later on Tuesday.” (05/07/24)