Tax reform boosts profits in banking industry

TOP SPOT: Brian Moynihan, left, CEO of Bank of America Corp., speaks with William F. Hatfield, the bank’s market president in Rhode Island. Bank of America rose to the state’s top spot in market share, increasing its deposits in Rhode Island by $4.8 billion. / PBN FILE PHOTO/RUPERT WHITELEY
You might say 2018 was the year of Trump in banking. It’s debatable whether President Donald Trump is accomplishing his campaign promise to make America great again. But he’s certainly helped make banking great again for investors. The initiatives he has spearheaded or supported have boosted the industry’s bottom line – a lot. The year…

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