Financial news on November 8th, 2009

Business and Financial news
Britain and U.S. Clash at G-20 on Tax to Insure Against Crises

Gordon Brown of Britain told G-20 finance ministers that the world needed a system to force banks, not taxpayers, to cover future bailouts. Read more..

By JULIA WERDIGIER - The New York Times

Windfall Seen as Bank Bonuses Are Paid in Stock

Bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply. Read more..

By LOUISE STORY - The New York Times

See what else happened on November 8th, 2009