$19bn banks tax looms in the US
US banking reform plans include a $19bn levy
A proposal to reform the US banking system could hit the financial
institutions with a $19bn (£12.7bn) levy.
The US congress has agreed to reform the banking sector: banks will only be
able to make limited investments in hedge funds and private equity, while the
levy could bring in billions over the next five years, reported the
Times.
Further reading:
Success
of bank levy scheme hangs on G20
Emergency
Budget: Bank levy will raise £2bn
Banking
reform report: “fundamental questions” about purpose of audit
