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Claire Chiasson-Tyler's avatar

Meanwhile over at the FDIC, a new report details a 2023 investigation of hundreds of complaints on the FDIC workplace culture. I wonder how this got published? Oh, wait. The financial industry wants to get rid of the FDIC.

"FDIC employees, regardless of gender, race, or other demographic characteristics, consistently described the culture as a ‘good ol’ boys club.’

...The individuals in those ‘cliques’ are perceived to ‘have each other’s backs’ in a way that results in those outside the clique feeling isolated.

"Those outside these groups are

left with a perception of favoritism such that those within these more powerful groups only ‘take care of or groom certain people’ that look like or act like they do...The result is that employees have an understanding that there is one set of rules for those who are not part of the ‘club’ and another, more lenient set of rules for those who are in the club."

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