G20 members account for more than 80% of world gross domestic product, 75% of global trade and 60% of the population of the planet, including big-hitters the United States, Japan, Britain, France, Germany and India.

She said she hoped to include provisions to implement the so-called “Pillar 2″ minimum tax into a budget “reconciliation” bill this year that Congress could approve with a simple majority, potentially without Republican support.

Wednesday’s announcement also comes after billionaire investor Warren Buffett in June said he was resigning as a trustee of the foundation, and had donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc.

But the US bank is under pressure to give entrants a pay rise, after rivals including Citigroup, JP Morgan and Barclays raised comparable fixed salaries for their American recruits to $100,000 a year, or £71,941, before adding on bonuses.

14:02

Juventus make Manchester City’s Gabriel Jesus their top transfer target

striker Gabriel Jesus their top transfer target despite Cristiano Ronaldo being tipped to remain in Turin next season.

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