Big Bank Earnings and News; M&A Continues

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Posted To: Pipeline Press

Given the latest tax plan, will the mortgage interest deduction stay, but become worthless? The GOP blueprint would double the standard deduction for individuals and couples, making the mortgage interest deduction worthless for anyone who doesn’t itemize. Stay tuned… Bank News Here’s a little trivia for tonight’s Happy Hour: baby boomers control about 67% of all bank deposits. JPMorgan has partnered with PayPal to allow Chase customers to link cards to PayPal accounts. Meanwhile, Citibank has also partnered with PayPal to allow Citi customers to pay using ThankYou points at merchants that accept PayPal. For a Basel III update, The Basel Committee for Banking Supervision is close to reaching an agreement on capital rules for banks . France has complicated the final negotiations…(read more)

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