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01-29-2010, 10:24 PM #1
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Bankers in Favour of Paying Global Fee
Bankers in favour of paying global fee
By Patrick Jenkins in Davos and Tom Braithwaite in Washington
Published: January 30 2010 00:02 | Last updated: January 30 2010 00:02
Some of the world’s most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks of fighting proposals for new taxes in the US and Europe.
Josef Ackermann, chief executive of Deutsche Bank, told the Financial Times on Friday : “To help solve the too-big-to-fail problem I’m advocating a European rescue and resolution fund for banks. Of course, the capital for this fund would have to come from banks to a large degree.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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