Gruenberg Under Siege: He's Threatened, But Insiders Expect Him to Fight Back

Also, regulators signal they may not be all that worried about hedge fund 'basis trades;' SEC sets governance standards for clearing agencies; PCAOB approves budget

When the first allegations about the FDIC’s toxic workplace environment hit this week, FDIC Chairman Martin Gruenberg commissioned an independent review in an attempt to contain the uproar. Three days later, with his own actions now under scrutiny, the FDIC chief is suddenly finding it a lot more difficult to quell the scandal.

Gruenberg’s challenges – p…