Financial Regulatory Forum

FACTBOX-State of play on global bank levies pre-UK budget

June 21, 2010

June 21 (Reuters) – British Finance Minister George Osborne will unveil plans for an extra tax on banks to pay for bailouts on Tuesday as part of a budget expected to be the most austere in 30 years.

Citi to raise $20 billion in capital to repay U.S.

December 14, 2009

By Dan Wilchins

NEW YORK, Dec 14 (Reuters) – Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing about $20 billion of capital, as the bank looks to end the executive pay restrictions that came with the funds.

U.S. cuts estimate of bank bailout costs by $200 bln

December 7, 2009

By Glenn Somerville

WASHINGTON, Dec 6 (Reuters) – The projected long-term cost of the U.S. government’s bailout of the nation’s big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said.

UK bank bailout cost hits 850 billion sterling – watchdog

December 4, 2009

banking_landing_page_image By Kirstin Ridley

LONDON, Dec 4 (Reuters) – The price tag for bailing out UK banks has hit 850 billion pounds ($1.4 trillion) but Britain’s spending watchdog says the final cost to taxpayers will not be known for years.