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UK floats bank levy, G20 launches imbalances framework
ST ANDREWS, Scotland (Reuters) - Britain pressed the G20 on Saturday to come up with a plan to make banks pay for any future bailouts but one idea of imposing a global financial transactions tax was immediately shot down by the United States. Full Article
G20 pledge to support economy until recovery firms
ST ANDREWS, Scotland (Reuters) - Group of 20 finance ministers and central bankers pledged on Saturday to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article
Geithner: need stimulus, not transactions tax
ST ANDREWS, Scotland (Reuters) - 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 behavior. Full Article
G20 makes little progress on climate financing
ST ANDREWS, Scotland (Reuters) - Rich countries and developing nations fought over climate change on Saturday, failing to make progress on financing ahead of a major environmental summit in Copenhagen next month. Full Article
EXCLUSIVE: IMF exploring insurance levy on banks
PARIS (Reuters) - The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday. Full Article
Activists bury heads in sand in G20 beach protest
ST ANDREWS, Scotland (Reuters) - Twenty activists donned suits and ties and buried their heads in the sand on a Scottish beach on Saturday to protest against a meeting of finance ministers from the Group of 20 powerful nations. Full Article
