Tag Archive | "Levy"

Outcry on Wall St at ‘absurd’ levy plan

Wall Street reacted with disbelief and resignation to the Obama administration’s plans to annouce a levy on Thursday on the industry to pay for the financial bail-out

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US and UK banks face political heat

Banks on both sides of the Atlantic scrambled to respond to mounting political pressure as public anger over their bonuses grew and US officials worked on a new levy to recoup the government’s losses in the financial crisis

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Obama to target banks with new levy

The Obama administration, under increasing pressure from Democrats in Congress to take punitive action against banks, is readying a new levy on the finance sector that will form part of the budget to be presented in February.

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