Big US banks should raise $200bn in capital now

Stress test modelling by the Minneapolis Fed indicates that under severe Covid-19 scenarios, large banks, those with assets greater than $100bn each, could together lose hundreds of billions of dollars of equity capital.

 Neel Kashkari FT 16 April 2020

 Neel Kashkari, president and chief executive of the Federal Reserve Bank of Minneapolis, oversaw the Troubled Asset Relief Program

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