Bank regulator's toxic workplace culture overshadows oversight of financial system
WASHINGTON (TND) — Lawmakers spent a second consecutive day grilling the leader of the agency that oversees U.S. banks and suggesting he resign from his position after an investigation found a culture of rampant sexual harassment and toxic workplace culture that shifted attention away from a lengthy list of pending regulatory moves that could reshape the U.S. financial system.
Leaders of the nation’s agencies that oversee the financial industry and system have appeared in front of Congress the last two days for oversight hearings that come after last year’s string of bank failures sparked a wave of moves to shore up the banking system and avoid future issues.
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