Morning Scan: Small Banks Win with Highway Bill; JPM Enters Online L...

Receiving Wide Coverage ...

Highway Bill Win for Small Banks: Bipartisan discussions in Congress have generated a $300 billion bill to address highway funding and shortfalls in the Federal Highway Trust Fund. Talks on how to pay for the bill had focused in large part on the Fed — in particular cuts to its dividends to banks and its rainy-day fund, moves that were opposed by the banking industry. Small banks have reason to celebrate however,...