Tax reform

More responsibility for Wells retail chief; Bitcoin debuts on CME

12/19/17

Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.

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Three looming worries for bankers in final tax reform plan

12/18/17

With tax reform close to the finish line, bankers are still clear winners from the compromise worked out between House and Senate negotiators. But the bill includes some caveats that might give institutions pause.

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Dear Congress: Don't lose New Markets credit in tax reform deal

12/13/17

Lawmakers should preserve the credit meant to spur economic development as part of sweeping tax reform being debated in Congress this week.

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Bitcoin mania grows; Trump’s deregulation strategy

12/13/17

Interactive Brokers says it will allow customers to bet against the cybercurrency; aides to Alabama senator drafted for key regulatory positions to ease banking rules.

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Tax hits, deposit wars, paydown blues: A 4Q preview

12/07/17

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.

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More bitcoin milestones; Citi’s tax plan hit

12/07/17

Digital currency surges past both $12,000 and $13,000 on Wednesday; the bank may make it back quickly, depending on the corporate income tax rate.

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Tax reform to unleash business lending? Not so fast

12/05/17

During an industry conference Tuesday, executives from PNC, Wells Fargo, JPMorgan Chase and elsewhere offered differing takes on whether the Republican tax plan will boost loan demand.

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Senators ready mortgage servicing fix as tax reform nears finish line

12/01/17

A provision in the original Senate tax reform bill would have required companies acquiring mortgage servicing rights to pay taxes upfront for their anticipated servicing income.

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Tax reform threatens to drain GSEs' dwindling capital

11/29/17

The financial services industry has cheered a proposed reduction in the corporate tax rate, but a lower rate could force Fannie Mae and Freddie Mac to write down assets, increasing the odds that the companies will need Treasury support.

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Time running out on banks' push to preserve popular tax credit

11/17/17

The House-passed tax bill would eliminate the New Markets Tax Credit while the Senate bill would not reauthorize it when it expires in two years. Bankers and other proponents say that if it is discontinued many economic development projects in rural and low-income communities won’t be funded.

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