UPDATE 2-Fed’s Kashkari says major U.S. banks should raise $200 bln in capital- FT

UPDATE 2-Fed’s Kashkari says major U.S. banks should raise $200 bln in capital- FT

Big U.S. banks should raise $200
billion in capital right now and stop paying dividends to
prepare for a deep economic downturn due to the coronavirus
pandemic, Minneapolis Federal Reserve Bank President Neel
Kashkari wrote in an op-ed for the Financial Times newspaper https://on.ft.com/34JV0qq.