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    Home Authors Posts by James Langford

    James Langford

    707 POSTS 0 COMMENTS
    Despite its initial costs, Bank of America executives have been optimistic that the Republican tax overhaul signed into law by President Trump will deliver the promised benefits. (Daniel Tepper/Bloomberg)
    Business

    With $2.9 billion charge, Bank of America joins lenders pinched by tax bill

    James Langford -
    January 17, 2018 1:13 pm
    0
    While there's an initial cost from the tax bill, GE's Chief Financial Officer Jamie Miller said the company likes the new business framework.
    Business

    Trump tax plan compounds $6.2 billion blow from GE insurance troubles

    James Langford -
    January 16, 2018 7:03 pm
    0
    While the tax plan's up-front cost led to an $18.3 billion net loss in the three months through December, Citigroup remains optimistic about its future benefits. (AP Photo/Mark Lennihan, File)
    Business

    Citi’s rosy forecast looks past $22 billion charge from Trump tax plan

    James Langford -
    January 16, 2018 2:38 pm
    0
    Citigroup revenue climbed 3 percent to $18.9 billion in the first three months of 2018.
    Business

    Lower tax rate may cost banks another $20 billion before benefits kick in

    James Langford -
    January 15, 2018 9:39 pm
    0
    Wells Fargo agreed to a $1 billion settlement over auto- and mortgage-lending practices, and its growth has been capped by the Federal Reserve.
    Business

    Fake account fallout overshadows Wells Fargo’s $3.4 billion tax bounty

    James Langford -
    January 12, 2018 6:58 pm
    0
    JPMorgan Chase released earnings figures on Friday. CFO Marianne Lake said that the lower tax rate, about 20 percent in the near term compared with 29.6 percent in the third quarter of 2017, is a
    Business

    JPMorgan’s tax rate slides after $2.4 billion bite at year’s end

    James Langford -
    January 12, 2018 2:40 pm
    0
    The latest tax bill and deregulation coming down the line has been a positive for equity markets, with the blue-chip Dow Jones Industrial Average surging 38 percent to a record above 25,000 and the broader S&P 500 climbing 29 percent. (iStock)
    Business

    For US banks, tax-cut bonanza follows a gloomy year for traders

    James Langford -
    January 11, 2018 1:31 pm
    0
    Berkshire Hathaway CEO Warren Buffett (pictured above) has named two new successors: Ajit Jain, who heads Berkshire's reinsurance operations, and Gregory Abel, who runs Berkshire Hathaway Energy. (AP Photo/Nati Harnik)
    Business

    Billionaire Warren Buffett names two potential heirs to Berkshire CEO role

    James Langford -
    January 10, 2018 7:27 pm
    0
    Bitcoin's value dipped slightly on Wednesday afternoon, according to tracking service Coindesk, paring 12 months of gains that had taken its value to $14,855 as both the Chicago Mercantile Exchange and the CBOE Futures Exchange offered futures contracts in it. (AP Photo/Eric Gay)
    Business

    The ‘Oracle of Omaha’ delivers an ominous warning about bitcoin

    James Langford -
    January 10, 2018 3:19 pm
    0
    The pace of dealmaking among pharmaceutical businesses is expected to pick up in the next six to 12 months, in part because of the Tax Cuts and Jobs Act passed in December.
    Business

    Big Pharma goes shopping as tax bill returns almost $200 billion cash to US

    James Langford -
    January 9, 2018 10:44 pm
    0
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