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FDIC investigation reveals widespread sexual misconduct; UniCredit plans €10bn investor payout after strong Q1

Plus: Goldman Sachs criminal case closed in 1MDB scandal, and more
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FDIC investigation reveals widespread sexual misconduct; UniCredit plans €10bn investor payout after strong Q1Image: Shawn Thew/EPA-EFE/Shutterstock

The Federal Deposit Insurance Corporation has failed to provide a workplace safe from sexual harassment, discrimination and bullying, prompting doubts about the agency’s leadership, according to the findings of an independent investigation released on Tuesday.

Prompted by an investigation by the Wall Street Journal, the report conducted by law firm Cleary Gottlieb gathered accounts from more than 500 individuals, some of whom accused FDIC chair Martin Gruenberg of engaging in bullying and verbal abuse.

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