Paul Kaboth has been promoted to vice president and community affairs officer in the Community Development Department. Maria Bowlin has been promoted to assistant vice president in the Facilities Management Department. Matthew Hite has been promoted to assistant vice president in the Financial Support Services Department.
William Fosnight has been named senior vice president and general counsel, and Susan Steinbrick has been promoted to senior vice president and general auditor.
The Federal Reserve Bank of Cleveland announced the following appointments to its main office and branch boards of directors and to the Federal Advisory Council.
Unemployment has been so high for so long that some economists are suggesting that the underlying trend of the unemployment rate -- the so-called "natural rate of unemployment" -- must have risen over the course of the last recession, due to a substantial change in the structure of US labor markets.
Will Title II of the Dodd-Frank Reform Act be the end of the too-big-to-fail problem? No, but it is "an important step" in addressing the problem, write Cleveland Federal Reserve Bank researchers James Thomson and Thomas Fitzpatrick.
The researchers say that the Act's orderly liquidation authority is a viable alternative to artificially keeping failing nonbank financial firms alive through an infusion of public funds and should send a clear signal to markets of how these firms will be resolved.
Thomson and Fitzpatrick note that Title II is not meant to be the default procedure for winding up the affairs of troubled nondepository financial firms, and they expect that the majority of such firms will continue to be resolved in bankruptcy.
Paul Kaboth has been promoted to vice president and community affairs officer in the Community Development Department. Maria Bowlin has been promoted to assistant vice president in the Facilities Management Department. Matthew Hite has been promoted to assistant vice president in the Financial Support Services Department.
William Fosnight has been named senior vice president and general counsel, and Susan Steinbrick has been promoted to senior vice president and general auditor.
The Federal Reserve Bank of Cleveland announced the following appointments to its main office and branch boards of directors and to the Federal Advisory Council.
Unemployment has been so high for so long that some economists are suggesting that the underlying trend of the unemployment rate -- the so-called "natural rate of unemployment" -- must have risen over the course of the last recession, due to a substantial change in the structure of US labor markets.
Will Title II of the Dodd-Frank Reform Act be the end of the too-big-to-fail problem? No, but it is "an important step" in addressing the problem, write Cleveland Federal Reserve Bank researchers James Thomson and Thomas Fitzpatrick.
The researchers say that the Act's orderly liquidation authority is a viable alternative to artificially keeping failing nonbank financial firms alive through an infusion of public funds and should send a clear signal to markets of how these firms will be resolved.
Thomson and Fitzpatrick note that Title II is not meant to be the default procedure for winding up the affairs of troubled nondepository financial firms, and they expect that the majority of such firms will continue to be resolved in bankruptcy.
