Interview and discussion with Wilbur Ross of the WL Ross & Co. He says he sees 500 banks failures by the end of 2010. (Bloomberg News)
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EU considers new bank levy to shield taxpayers
European Union countries will discuss a possible levy on banks and a tax on financial transactions to better control market forces and protect public finances from the costs of bailouts, as they gather Tuesday in an atmosphere more benign than when they last met in July.
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EU OKs New Financial Supervision Deal
EU ministers agree on financial supervision deal intended to shield against future crises European Union – Financial services – Business – Government – Multilateral
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Dow closes down 107 on concerns over European debt
Stocks closed lower Tuesday following new worries about Europe’s debt problems. Treasury prices rose and gold settled at a new high as investors sought out safe assets.
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