Wednesday, April 21, 2021

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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...
James Worrell

Poor management sparks company retirement plan lawsuits

While today’s economy appears strong following years of a rising stock market and solid gains by bonds, economists’ predictions of a recession could lead...

UNFI to buy Supervalu for about $2.9B

NEW YORK - United Natural Foods Inc. agreed to buy the Minneapolis-based Supervalu Inc. for about $2.9 billion, including estimated debt,  in the latest...
THE SIX BIGGEST U.S. BANKS are poised to make a combined $27 billion of gross profit if the government shifts to changes to post-crisis banking rules proposed by Donald Trump’s administration. / BLOOMBERG

Big U.S. banks could see profit jump 20% with deregulation

NEW YORK -  The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest U.S. banks, lifting their...

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