Morgan Stanley to Take $1.25B Hit in Fourth-Quarter from Tax Bill
Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.
Community Banks See Branch Growth As Big Banks Pull Back
Bank of America has closed more than 70 branch locations in Massachusetts in the past eight years, according to Federal Deposit Insurance Corporation data. During the same time, TD Bank has closed 17 branches; Santander has closed 13 and Citizens has closed nine.
Loan Growth Stalls Despite Profit, Trading Gains At Some US Banks
Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thursday, though executives assured there is still healthy demand from borrowers and no reason to worry about the state of the economy.
“I don’t know about you, but I’m feelin’ 22…”
Ha ha… ha… No, not really. Especially as I’m writing...What I’ve been reading this week…
The New York Times has had some interesting stuff...
