After tense weekend negotiations, G-20 finance ministers agreed to drop the idea of a global...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

After tense weekend negotiations, G-20 finance ministers agreed to drop the idea of a global bank tax, bowing to pressure from Canada and other critics of the levy. Bank stocks are rising premarket: GS +0.2%, C +0.8%, JPM +1%, BAC +1.2%, MS +0.2%, HBC +1.6%, UBS +2.5%, BCS +1.7%, CS +2%