Tag Archives: Banksters

Bloomberg News reports: Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders. JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley posted …

The Hill reports: Federally insured U.S. banks made more than $28 billion in additional profits in 2018 thanks to the Republican tax-cut law enacted at the start of the year, according to data released Thursday. The Federal Deposit Insurance Corporation (FDIC) revealed that the nation’s 5,406 federally insured banks reeled in $236.7 billion in profits last year, according to the …

The Wall Street Journal reports: Billionaire Ken Griffin, who is becoming almost as known for his prodigious purchases as he is for his investment acumen, has closed on a New York penthouse for roughly $238 million. The deal sets a record for the highest-priced home ever sold in the U.S. The purchase is the latest in a string of record-breaking …

The New York Daily News reports: The wife of Treasury Secretary Steve Mnuchin went on a tirade after an Instagram commenter criticized her for posting a picture of herself disembarking a government plane. Louise Linton, a Scottish actress who was famously ridiculed for writing a “white savior” memoir about her time in Zambia, posted a photograph of her and her …

TIME Magazine reports: Contradicting rhetoric from his presidential campaign, President Donald Trump explained why he chose Wall Street billionaires for several of his Cabinet roles during a campaign-style rally in Cedar Rapids, Iowa, Wednesday evening. “So somebody said, ‘Why did you appoint a rich person to be in charge of the economy?’ I said, ‘Because that’s the kind of thinking …