Today: March 05, 2024
Today: March 05, 2024

US FDIC special committee taps Cleary Gottlieb for sexual harassment probe

Share This
US FDIC special committee taps Cleary Gottlieb for sexual harassment probe
Reuters
Reuters
December 11, 2023

(Reuters) - A special committee at the U.S. Federal Deposit Insurance Corporation's governing board has tapped the law firm Cleary Gottlieb Steen & Hamilton LLP to conduct an independent review of sexual harassment allegations and the agency's workplace culture, the top bank regulator announced Monday.

The review follows a series of Wall Street Journal reports last month according to which the FDIC had failed to eradicate toxic and misogynist workplace behavior that caused women to quit the agency.

"The team at Cleary Gottlieb will be led by Joon H. Kim, the former Acting U.S Attorney for the Southern District of New York, Jennifer Kennedy Park, and Abena Mainoo," the special committee said in the statement.

Cleary Gottlieb replaces the firm Baker Hostetler, which had initially been selected by the FDIC prior to the formation of the special committee, which comprises FDIC board members Michael Hsu, the acting comptroller of the currency, and Republican Jonathan McKernan.

McKernan and FDIC Vice Chair Travis Hill last month insisted that Chair Martin Gruenberg recuse himself from overseeing the review.

(Reporting by Douglas Gillison; Editing by Tomasz Janowski)

Popular

Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024

Shares are mixed in Asia after China's premier said the country's target for economic growth this year is around 5%, in line with expectations

What you should know from the opening of China's legislature

China’s Premier Li Qiang promoted an image of confidence as he announced modest economic growth goals for the country at one of its most important political gatherings

US Navy says USS John Finn conducted routine south-to-north Taiwan Strait transit

BEIJING (Reuters) - The Arleigh-Burke guided missile class destroyer USS John Finn conducted a routine south-to-north Taiwan Strait transit on March 5, the U.S. Navy said in a statement on Tuesday.

Analysis-Chinese developers resume UK commercial property retreat

By Iain Withers and Marc Jones LONDON (Reuters) - Some big Chinese developers are set to offload more real estate in Britain to raise cash, property agents say, making the most of a slowly thawing

Blackrock sees India, Indonesia as promising for investment opportunities

JAKARTA (Reuters) - U.S. investment firm BlackRock sees India and Indonesia as two Asia-Pacific countries offering a lot of investment opportunities, its head of research for the region said on

Cryptoverse: Asian traders give bitcoin blast-off

By Jihoon Lee and Jaspreet Kalra SEOUL/MUMBAI (Reuters) - Bitcoin's runaway rally is being driven by investors in Asia.

Related

Thousands of Korean doctors face license suspensions as Seoul moves to prosecute strike leaders

Thousands of striking junior doctors in South Korea are facing proceedings to suspend their medical licenses Tuesday

AI pervades everyday life with almost no oversight. States scramble to catch up

Lawmakers in at least seven states are taking big legislative swings to regulate bias in artificial intelligence

Alabama lawmakers aim to approve immunity laws for IVF providers

Alabama lawmakers, who face public pressure to get in vitro fertilization services restarted, are nearing approval of immunity legislation for providers

North Korea threatens to take military moves in response to US-South Korean drills

North Korea has called the ongoing South Korean-U.S. military drills a plot to invade the country, as it threatens to take unspecified “responsible” military steps in response

- Advertisement -
Advertisement: Limited Time Offer