U.S. to announce payback time for banks

U.S. President Barack Obama will this week announce plans to raise up to EUR 82bn from the biggest U.S. financial firms that received government bailout money. A White House official said they would be charged a levy spread over as much as ten years. U.S. to announce payback time for banks The move is intended to address public anger that some financial firms are poised to resume paying big bonuses. The White House also said President Obama’s emergency spending measures last year saved up to two million U.S. jobs, but it warned that the outlook for the economy remained uncertain.

U.S. to announce payback time for banks

The move is intended to address public anger that some financial firms are poised to resume paying big bonuses.

The White House also said President Obama’s emergency spending measures last year saved up to two million U.S. jobs, but it warned that the outlook for the economy remained uncertain.