FDIC’s chairman Gruenberg says intends to serve full term

Gruenberg and Lew depart following a meeting of the Financial Stability Oversight Council at the Treasury Department in Washington

WASHINGTON (Reuters) – Martin Gruenberg, the head of the Federal Deposit Insurance Corporation, said on Tuesday that he plans to serve his entire five-year term that ends in November 2017.

The FDIC insures customer deposits in the event of a bank failure.

(Reporting By Patrick Rucker; Editing by Chizu Nomiyama)