Banks and “too big to fail”: Kash call

Posted: November 18, 2016 in economy
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A veteran of the financial crisis says banks need much more capital

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Kash call

Print Fly Title: 

Banks and “too big to fail”

UK Only Article: 
standard article

Issue: 

The new nationalism

Fly Title: 

Banks and “too big to fail”

Location: 

NEW YORK

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20161119_fnp004.jpg

SINCE Donald Trump won the election, American bank shares have surged on traders’ hopes of a bonfire of financial regulations. So a proposal from Neel Kashkari, head of the Minneapolis Federal Reserve, vastly to increase capital requirements looks ill-timed. On the other hand, the plan mimics the direction—if not the extent—of one backed by congressional Republicans.
Mr Kashkari is an experienced financial firefighter. An alumnus of Goldman Sachs, best-connected of investment …

via Economic Crisis http://ift.tt/2f8auvY

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