Bank Tax: Geithner And U.K.'s Gordon Brown Face Off On Bank Transaction Tax At G20 Meeting

Bank Tax: Geithner And U.K.'s Gordon Brown Face Off On Bank Transaction Tax At G20 Meeting

ST. ANDREWS, Scotland -- U.K. Prime Minister Gordon Brown and U.S. Treasury Secretary Timothy Geithner clashed over potential taxes on bank transactions at a weekend meeting here of finance policy makers from the Group of 20 leading economies.

At the gathering, G-20 finance ministers and central-bank chiefs discussed the fragility of the global economic recovery, agreed that stimulative efforts should continue and approved a timetable for agreeing on policies to help rebalance the global economy.

Popular in the Community

Close

What's Hot