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Nov. 9 (Bloomberg) -- Group of 20 governments signaled banks will be forced to cover a greater cost of future bailouts even as they split over whether that should be achieved by taxing financial trading. Full Article at Bloomberg.com
Related Articles
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: Group of 20 governments signaled banks will be forced to cover a greater cost of future bailouts even as they split over whether that should be achieved by taxing financial trading. Full Article at Expressindia.com
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Source: Bloomberg Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economys expansion is less crisis-prone. U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Full Article at Democratic Underground
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The Treasury forecast in the Budget earlier this year that the total eventual cost of the semi-nationalisation of Royal Bank of Scotland (RBS) and Lloyds Banking Group, plus the Asset Protection Scheme (APS), would be as high as £50bn. Full Article at The Telegraph
Related Quotes
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The banking industry is only just starting to realise they won’t be able to go back to business as usual
– Charles Dumas SOURCE: Bloomberg.com -
The hard work does not end here ... In fact it begins now.
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It cannot be acceptable that the benefits of success in this sector are reaped by the few but the costs of its failure are borne by all of us
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What we’ve got here is better structured, a better deal for the taxpayer
