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THE TOP six banks in the U.S. saved $18 billion collectively due to their average effective tax rate falling to 18% in 2019 from the 30% average prior to the Republican tax overhaul of 2017. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Trump tax cut hands $32B windfall to America’s top banks

NEW YORK – Savings for the top six United States banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32...
PHILADELPHIA HAS SUED seven banks accusing them of costing local governments billions of dollars by colluding to fix the prices on floating-rate bonds issued to finance public works. / BLOOMBERG NEWS FILE PHOTO/JOHN TAGGART

Philadelphia sues seven banks over ‘collusion’ in muni deals

NEW YORK - Philadelphia sued seven banks including JPMorgan Chase & Co. and Bank of America Corp., accusing them of costing local governments billions of...
BANKS HAVE INCREASED SECURITY following a Federal Bureau of Investigation warning to U.S. lenders last week about a a potential threat. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Banks beef up security after FBI warning on ATM ‘jackpotting’

NEW YORK - Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last...
THE SUPREME COURT may have ruled that states can allow betting on individual sporting events, but many gamblers who will want to place those wagers using a credit card face a major hurdle: a large share of U.S. credit card companies don't allow it. / BLOOMBERG/ JUSTIN CHIN

Sports gambling’s next hurdle is credit cards after court ruling

NEW YORK - For states ready to legalize gambling, banks hold many of the cards. The Supreme Court ruled this week that states can allow...

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