Geithner: need stimulus, not financial transactions tax - Reuters - Sun 3:03 am ET
Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

Stimulus, not transactions tax needed: Geithner - Reuters - Sat 2:52 pm ET
Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

Wall Street firms skittish about RUSAL IPO: report - Reuters - Sat 2:45 pm ET
Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.

UK gives impetus to global banks tax - Reuters - Sat 1:44 pm ET
Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.

Corruption costs poorer states up to $40 billion a year - Reuters - Sat 12:47 pm ET
Corruption costs developing nations $20 to $40 billion each year, while emerging markets and financial centers are increasingly havens for stolen assets, a top World Bank official said Saturday.

Regulators close Gateway Bank, Prosperan Bank - Reuters - Sat 11:51 am ET
Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.

Jobless rate surges to 10.2 percent - Reuters - Sat 11:49 am ET
The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.