FDIC chair's resignation threatens Biden banking agenda

The Biden administration’s banking regulations hang in the balance as the chair of the Federal Deposit Insurance Corp. (FDIC) prepares to step down in the face of reports documenting a toxic workplace culture at the agency. 

FDIC Chair Martin Gruenberg is central to getting several key proposals, including the controversial Basel III Endgame regulations, across the finish line. 

Gruenberg’s announcement Monday that he will resign once a successor is confirmed leaves him in...