Home Fed’s Kashkari: Big US banks should raise $200 bln in capital now – FT

Fed’s Kashkari: Big US banks should raise $200 bln in capital now – FT

Updated: 16 Apr. 2020 | 11:32

While speaking in an interview with the Financial Times (FT), Minneapolis Federal Reserve (Fed) President Neil Kashkari said that the big US banks should raise $200 bln in capital now.

“We simply do not know how large the losses from this (COVID-19) crisis will be,” he said.

more to come …

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