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Big Banks Saved $3.6 Billion in Taxes Last Quarter Under New Law

from The Associated Press via CNBC

An analysis by The Associated Press shows the nation's six big Wall Street banks saved at least $3.59 billion in taxes last quarter, thanks to the recently enacted Trump tax law. Banks typically kick off the earnings season, and their reports for the January-March quarter are giving investors and the public their first glimpse into how the new tax law is impacting Corporate America. more


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