Banks and “too big to fail”: Kash call

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A veteran of the financial crisis says banks need much more capital

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Kash call

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Banks and “too big to fail”

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The new nationalism

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Banks and “too big to fail”

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NEW YORK

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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 …

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