Corporate taxes

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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Change in tax rate will cost Capital One $1.9 billion in 4Q

12/26/17

The McLean, Va., company and several other banks have disclosed the charges they expect to record in the fourth quarter due to lower values on their deferred tax assets.

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More banks spreading the wealth after Trump signs tax bill

12/22/17

Bank of America, PNC join a growing list of banks planning to use the anticipated savings from the reduction in the corporate tax rate to boost wages for employees.

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More banks join bandwagon to raise pay after tax savings

12/21/17

After Wells Fargo and Fifth Third said that the looming tax cut will allow them to raise pay, four smaller banks followed suit.

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Banks offer raises, bonuses after Congress passes tax reform bill

12/20/17

Fifth Third said it will give a bonus or raise to about three-quarters of its employees while Wells Fargo raised its minimum hourly pay in the wake of Congress' passing a tax reform bill.

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Dimon says he'd raise his own taxes to get corporate rates cut

11/22/17

The U.S. needs to cut corporate tax rates to keep businesses from moving abroad, even if that means raising rates for wealthy individuals and removing the carried interest tax break for investment managers, said JPMorgan Chase Chief Executive Officer Jamie Dimon.

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Prospect of tax reform upends affordable housing finance

01/12/17

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits.

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