The Federal Reserve Bank of Dallas today named Robert Kaplan as its next president and CEO. Kaplan, who takes office on Sept. 8, is a former investment banker and vice chairman at Goldman Sachs. Since 2006, he has been a management professor and executive at Harvard Business School, where he authored several books on leadership. He is also co-chairman of the Draper Richards Kaplan Foundation. Kaplan will succeed Richard Fisher, who retired in March after 10 years leading the Dallas Fed.
Survey: High interest rates make bank customers want to spend less
Forty percent of people said that "unfamiliarity" is the main factor keeping them from trying a small bank. Nearly 60% said that a higher interest rate is the most important factor when considering switching bank accounts.