Emily
Editor, Senior Moderator
https://www.minneapolisfed.org/arti...banks-should-raise-200-billion-in-capital-now
The writer, president and chief executive of the Federal Reserve Bank of Minneapolis, oversaw the Troubled Asset Relief Program in 2008-09
Article Highlights
- Banks should “vaccinate” themselves against the economic crisis now
- An extended economic downturn could easily sap banks’ current equity capital
- Banks must do their part by discontinuing dividends and raising capital now