Fed's Kashkari says major U.S. banks should raise $200 billion in capital: FT
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(Reuters) - 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.Kashkari said banks should learn from the 2008-2009 financial crisis when they realized that they had serious problems only after the financial markets had taken a hit and stock prices had..