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Britain To Host Meeting On Financial Crisis

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Nov 26, 2008 7:10 am US/Eastern

Britain To Host Meeting On Financial Crisis

 Timeline: U.S. Credit Crunch & Financial Failures

 View Market Summaries & Leading Stock Changes
LONDON (AP) ― British Prime Minister Gordon Brown says that the U.K. will host an April 2 meeting of the Group of 20 industrialized and emerging economies on the financial crisis.

Brown told lawmakers Wednesday that President-elect Barack Obama has said he will attend the talks.

The G-20 nations and four international organizations met for emergency talks in Washington on Nov. 14-15.

Leaders said they needed a summit early next year to check progress on promises to cooperate more closely, toughen supervision of banks and give bigger roles to fast-rising nations.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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