Momentum Growing for A Big-Bank Tax in Europe

January 2010
American Banker;1/20/2010, Vol. 175 Issue 10, p16
Trade Publication
The article focuses on international interest in a bank tax that would help recover taxpayer funds used for bank bailouts and reduce banks' risk-taking. In Sweden, Finance Minister Anders Borg wants the European Union to apply such a tax. The British Treasury is holding discussions with the International Monetary Fund and others on reducing the risk of bank failure. U.S. President Barack Obama had proposed a tax be applied internationally.


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