Davos 2010: Trichet and King support Obama’s bank reform plan
Jan 27th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Davos 2010: European Central Bank President Jean-Claude Trichet, who will arrive in Davos, Switzerland today for the world Economic Forum, in an interview with The Wall Street Journal, offered qualified support for President Obama's plan to limit the size and activities of large banks, while stressing such proposals should be coordinated globally. Separately on Tuesday, Bank of England Governor Mervyn King said bankers should take a permanent pay cut to align them with other professionals as he outlined plans to carve up lenders across national boundaries.