FDIC Probe Finds Credible Allegations of Toxic Workplace (2)

Federal Deposit Insurance Corp. staff have for years suffered through a toxic culture that fails to keep many of them safe from sexual harassment or discrimination, according to a review of the bank regulator’s workplace.

The findings released Tuesday reflect reports from more than 500 people who detailed “sexual harassment, discrimination and other interpersonal misconduct” at the FDIC. The law firm Cleary Gottlieb Steen & Hamilton was tapped by the agency in December to investigate after the Wall Street Journal reported that female bank examiners had left the FDIC because of its “sexualized, boys’ club environment.”

The document paints a ...