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KM Financial Solutions | UPDATE 1-Tax overhaul shaves U.S. bank profits 40.9 pct in 4th quarter- FDIC
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UPDATE 1-Tax overhaul shaves U.S. bank profits 40.9 pct in 4th quarter- FDIC

26 Feb UPDATE 1-Tax overhaul shaves U.S. bank profits 40.9 pct in 4th quarter- FDIC

Posted at 16:33h in News by
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WASHINGTON, Feb 27 (Reuters) – U.S. bank profits were down
40.9 percent in the fourth quarter of 2017 from a year earlier,
due primarily to one-time accounting changes from the new tax
law which is expected to boost profits in the long run, the
Federal Deposit Insurance Corp (FDIC) said on Tuesday.

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