Saturday, January 30, 2010

Global Banking Scheme

I know that when I hear the word scheme, it conjures the exact definition provided by Merriam-Webster.

3 : a plan or program of action; especially: a crafty or secret one

So I guess must respect the fact that Bob Diamond, Barclays PLC and CEO of Corporate and Investment Banking, and Wealth Management, in acknowledging that global bankers are now seemingly willing to paying some type of global banking fee, is indeed a scheme.

“I think every G20 country would like to have an insurance scheme that would help cover the cost of any future bank failure,”...“A co-ordinated global system is preferable to an unlevel playing field.”

Crafty.

Bankers in favour of paying global fee

Posted by John Venlet on 01/30 at 02:46 PM
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