Corporate taxes

Pro-market groups come out swinging in support of credit unions

05/23/18

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.

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Tax law forces rethink of banks’ commitment to renewable energy

02/05/18

Several banks suffered fourth-quarter hits when they reduced the value of certain energy investments. Still, renewable energy could remain a viable business thanks to other benefits embedded in the tax law.

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Boost from M&A cushions tax blow at United Bankshares

01/30/18

Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits.

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New asset deals, M&A drive 14% gain in fee income at Northern Trust

01/24/18

The Chicago custody bank won new fund-administration business and benefited from the acquisition of a UBS asset-management unit. A one-time adjustment tied to the new tax law also provided a boost.

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State Street profit climbs 19% on new asset-servicing contracts

01/23/18

The new tax law took a one-time bite out of fourth-quarter results, but higher rates strengthened yields and new business boosted fee income.

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Tax-related write-down dents profits at Fulton Financial

01/22/18

The new tax law led to a nearly $16 million charge at the Pennsylvania bank, but it reported 7% loan growth and an 8% increase in fee income.

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SunTrust records $172M benefit from tax reform

01/19/18

The new tax law helped boost fourth-quarter results at SunTrust Banks in Atlanta, while the recent rate hikes led to gains in spread income.

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BNY Mellon's 4Q assist from tax law: $427 million

01/18/18

BNY Mellon plowed some of its tax law savings into restructuring efforts.

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Behind Citi's plans to have it both ways on capital

01/16/18

Tax reform and other regulatory factors could allow Citigroup — and other banks — to maintain high capital levels and strong rewards for shareholders.

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New tax law adds $1B to PNC's 4Q profit

01/12/18

The Pittsburgh company got the tax-related boost from an increase in the valuation of its deferred tax liabilities. It was partly offset by several charges.

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