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Posts Tagged ‘US Banks’
US banks will foot a totl bill of about $2bn in their second-quarter results to pay for the UK tax on bankers’ bonuses. This charge could significantly cut down the earnings at financial groups such as Citigroup, JPMorgan Chase and Bank of America.
With Goldman Sachs alone in line for a $600m-plus charge, the amounts to [...]
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- Tags: UK Tax, US Banks
In spite of the subdued market for equity trading and investment banking in the first quarter of 2010, investor has high expectations in the U.S. financial groups for strong earnings growth. Commercial banks like JPMorgan Chase will go on to benefit from the gap between the ultra-low short-term interest rates at which they borrow and [...]
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- Tags: US Banks
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