- As a federal agency that regulates banks, the Federal Deposit Insurance Corporation is largely perceived as have a button-downed culture of been counters.
- But a report by The Wall Street Journal found the FDIC has a “party culture” includes employees as well as supervisors.
- “A male Federal Deposit Insurance Corp. supervisor in San Francisco invited employees to a strip club,” according to the story with the headline “Strip Clubs, Lewd Photos and a Boozy Hotel: The Toxic Atmosphere at Bank Regulator FDIC.”
- Another allegations are that a “supervisor in Denver had sex with his employee, told other employees about it and pressed her to drink whiskey during work” and “senior bank examiners texted female employees photos of their penises,” amid the agency’s tolerating a “heavy drinking culture.”
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Buttoned-Down Fed Agency Regulating Banks Rife With Lewd Acts, ‘Party Culture’
Buttoned-Down Fed Agency Regulating Banks Rife With Lewdness, Drinking
An FDIC sign is posted on a window at a Silicon Valley Bank branch in Wellesley, Mass., on Saturday, March 11, 2023. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank, Silicon Valley Bank, suddenly shut down on Friday. U.S. customers with less than $250,000 in the bank can count on insurance provided by the FDIC. (AP Photo/Peter Morgan)
