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- Foreign Banks in UK Sign Up to Pay Rules
- By Matt Falloon and Steve SlaterLONDON (Reuters UK) - Major foreign investment banks operating in London have agreed to obey G20 and Financial Services Authority rules on remuneration, starting with payments for performance this year, the Treasury said on Wednesday.Morgan Stanley, Bank of America, UBS, Credit Suisse, Citigroup, Goldman Sachs...
- News items 2009-10-14
- G20 Crowd Could Be Too Inclusive
- The G20 is hailed as the new premier forum for international economic co-operation: the G7 has served its time. But while bringing 20 countries to the global table may look democratic, is it an efficient way to decide anything? The logistics of 20 prime ministers or presidents,...
- Blog posts 2009-09-28
- G-20 Dispute Economic Crisis
- Representatives from 20 nations have convened outside London in order to address the fiscal crisis. But, as Mark Phillips reports, there are major disagreements about the road to economic recovery.
- Videos 2009-03-15
- Obama Renews British Ties
- "Only On The Web": President Obama spoke in London, England to renew U.S.-British alliances, outlining economic and social goals and praising the world effort to sustain global economy.
- Videos 2009-04-01
- Gordon Brown: G20's Top Five
- "Only On The Web": British Prime Minister Gordon Brown welcomed President Obama ahead of the G20 world economic summit, outlining what he believes are the top five goals for worldwide financial recovery.
- Videos 2009-04-01
- Responsibility Vs. Blame
- "Only On The Web": President Barack Obama and British Prime Minister Gordon Brown explain the breakdown of global markets and the steps required to upgrade financial systems and regulations.
- Videos 2009-04-01
- G20 Summit Analysis
- Katie Couric speaks with noted British economist Vincent Cable, who offers his assessment of the G20 summit of world leaders who convened to address the massive economic crisis.
- Videos 2009-04-02
- Leaving London Satisfied
- Although most G20 leaders, including President Obama, didn't get everything they wanted, they got what they all wanted most: progress towards ending the global recession. Chip Reid reports.
- Videos 2009-04-02
- China's Rise to Prominence
- With the United States owing the nation more than $1 trillion, China has emerged as a growing worldwide superpower with increasing political importance. Barry Petersen reports from Beijing.
- Videos 2009-04-02
- Three Problems With G20's Promise to Curb Bankers' Bonuses
- Bankers have become the social pariahs of this generation. We have our poster boy, with Fred the Shred apparently now considering a voluntary pension cut. We have had the villagers with pitchforks converging on London's financial sector; and we have the G20 weighing in with plans...
- Blog posts 2009-04-03
- UK Joins G20 Push For Bank Levy
- By Sumeet Desai and Huw JonesST ANDREWS, Scotland (Reuters UK) - Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts but failed to make much progress on securing a G20 deal to meet the cost of climate change.Finance ministers and...
- News items 2009-11-08
- FSA: Narrow Banks Could Raise Risk
- By Huw JonesLONDON (Reuters UK) - Breaking up banks to legally separate retail from investment banking could increase risks in the system and higher capital is key, the country's top financial watchdog said on Monday.Adair Turner, chairman of the Financial Services Authority, said there was no "silver bullet" to tackling...
- News items 2009-11-02
- Obama Plays China Card, But Who Holds the Ace?
- By Caren Bohan, Paul Eckert and Simon RabinovitchWASHINGTON/BEIJING (Reuters UK) - Although U.S. President Barack Obama has never set foot there, China cast a long shadow in the Pacific region where he grew up.Obama, who will visit Shanghai and Beijing for the first time on November 15-18, spent much of...
- News items 2009-11-03
- IMF Warns G20 Off Cutting Economic Support Too Fast
- By Sumeet Desai and Jan StrupczewskiST ANDREWS, Scotland (Reuters) - The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly.In a document prepared for a meeting of Group of 20 finance...
- News items 2009-11-06
- UK Joins G20 Push For World Levy on Banks
- By Sumeet Desai and Huw JonesST ANDREWS, Scotland (Reuters UK) - Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts but failed to make much progress on securing a G20 deal to meet the cost of climate change.Finance ministers and...
- News items 2009-11-07
- Britain Gives Impetus to Global Tax on Banks
- By Huw JonesST ANDREWS, Scotland (Reuters UK) - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.France and Germany have led the way in Europe in seeking to force...
- News items 2009-11-07
- Stimulus, Not Transactions Tax Needed: Geithner
- By Glenn SomervilleST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.Speaking at the conclusion of a...
- News items 2009-11-07
- Stimulus, Not Tax Needed: Geithner
- By Glenn SomervilleST ANDREWS, Scotland (Reuters UK) - U.S. Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behaviour.Speaking at the conclusion...
- News items 2009-11-07
- Geithner: Need Stimulus, Not Financial Transactions Tax
- By Glenn SomervilleST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.Speaking at the conclusion of a...
- News items 2009-11-08
- Stocks Climb; Jobs Left Behind
- Markets reacted positively to the G20 summit and as U.S. stocks soared, so did unemployment, reports Jeff Glor. Harry Smith talks to Chrystia Freeland from the Financial Times about the G20 summit.
- Videos 2009-04-03
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