The US will press other countries to follow its example in imposing a levy on big financial institutions to recoup some of the costs of the financial crisis, officials told the FT yesterday.
The drive follows the announcement of the official levy plan by President Barack Obama, who attacked “obscene” bank bonuses and pledged “to recover every single dime the American people are owed” for the troubled asset recovery programme bailout fund.
The US president – who looked keen to pick a fight with the big banks – said: “I'd urge you to cover the costs of the rescue not by sticking it to your shareholders or your customers or your citizens but by rolling back bonuses.”
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