BUSINESS
03/18/2010 05:12 am ET Updated May 25, 2011

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.

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