FDIC recruits former Fed counsel

Michael Bradfield, a former head of the Federal Reserve's legal team, has been named general counsel of the Federal Deposit Insurance Corporation (FDIC).

Bradfield, who most recently worked at Jones Day, a law firm, was the general counsel at the Fed from 1981 to 1989. Before working at the Fed, he served a 13-year stint at Treasury. At Jones Day, his special areas of practice were balance of payments and trade and development assistance, including United States participation in the internati