Financial Regulatory Forum

US’ Geithner says bank fee can recoup AIG bonuses

By Reuters Staff
February 3, 2010

By David Lawder

WASHINGTON, Feb 3 (Reuters) – U.S. Treasury Secretary Timothy Geithner on Wednesday said insurer AIG’s contracts to pay hundreds of millions of dollars in bonuses were “outrageous” and appealed to Congress to help recoup the payments.

BREAKINGVIEWS – Copying U.S. bank tax will be tempting, but hard

By Reuters Staff
January 15, 2010

By Peter Thal Larsen

LONDON, Jan 15 (Reuters Breakingviews) – Tim Geithner has changed his tune. Just two months ago, the U.S. Treasury Secretary dismissed Gordon Brown’s call for a global financial tax as “not something we would be prepared to support”. But now the United States has unveiled its plan to tax bank liabilities, Geithner is keen for others to do the same. He may be disappointed.

White House mulls bank fee in budget -reports

By Reuters Staff
January 11, 2010

WASHINGTON, Jan 11 (Reuters) – The Obama administration is considering imposing a fee on banks to help recover some of taxpayers’ costs of bailing banks out from the financial crisis, according to multiple reports on Monday.