Some in the housing industry expressed concern that the plan would double the standard deduction to $24,000 for married couples and $12,000 for individuals—a move that could dramatically lessen the impact of the mortgage interest write-off. ... Read full article
The need to raise the U.S. debt limit, pass a budget, provide relief for victims of Hurricane Harvey and enact flood insurance and tax reform will dominate the remaining legislative calendar this fall. ... Read full article
Post-election euphoria tamped down M&A talk as bankers were hopeful that reform would justify staying independent. But there are signs bankers are getting restless. ... Read full article
The prospect of a lower corporate rate resulting from looming tax reform discussions may be a blessing for the industry, but it could be bittersweet for one particular group of bankers. ... Read full article
The new Citigold program for affluent customers is more than a product — it is the centerpiece of Citigroup's vision for the future, which will also rely on branch closures and sophisticated apps. ... Read full article
Bankers are watching Congress for a handful of tax reform provisions that could have a big impact on their business. ... Read full article
Lower tax rates won’t be unqualified good news for banks, as a lower rate would reduce the savings that they get from making tax-exempt loans to cities, counties and other governmental agencies. ... Read full article
Bankers hope that new tax policy will respect the role of tax-assisted community development programs in encouraging business investment in distressed areas. ... Read full article
If Washington lowers taxes as much as banks and the rest of corporate America hope, it will yield a bonanza of earnings per share, new tech investments or investor dividends … right? Not exactly, bank leaders warn. ... Read full article
