Article Image

IPFS News Link • New World Order

IMF exploring levy on banks

• Reuters
The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday.

He said such a tax would be in line with a proposal at the weekend by British Prime Minister Gordon Brown, who urged world governments to consider imposing a levy on banks.

JonesPlantation