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Why Regulators’ War On Fees Will Kill Consumers

PYMNTS

Google makes one of the leading mobile operating systems in the world — Android — and licenses it for free to companies like, say, Samsung that make it the software foundation of smartphones they sell for hundreds of dollars. Under the Dodd Frank Act, they get up to 10 percent of the Federal Reserve Board’s operating expenses.

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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. The first risk of a tax on foreign-owned companies resulted in an instantaneous credit shock, while the change in gas station demand will take place over years. Consider the risk above.

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The Curious Case For Breaking Up Tech Giants

PYMNTS

And that we should do that not because they’re tax evaders or evil — all things he said they, like all of us, are. Fail — along with just about every other commerce initiative Facebook has tried to ignite using its platform, starting with Beacon in 2007. They examined anonymized tax data starting in the 1940s until 2015.

Google 148
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. As of October, the US ranked 32 nd according to the Organization for Economic Co-operation and Development (OECD) data. What’s left is an estimate of personal savings.

US 52
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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

billion of assets and operates twenty five branches in the western suburbs of Chicago. That got regulator's attention in the form of a May 2011 Consent Order (CO). Summit also operates an insurance subsidiary. Actually, the Bank had a one-time after tax litigation settlement (from a 2002-04 event) of $6.2 Well done! #4.

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Consumer Lending: Should Banks Do It?

Jeff For Banks

Mortgage bankers and brokers own a significant share of market (although less than prior to the 2007-08 financial crisis). Looking at our peer group numbers, the consumer loan costs a little above $1,100 per year in operating expense to originate and maintain. Regulation has driven up costs and made us gun shy. Or don't do it.

Lending 60
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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

I believe that we are in this era of weak growth, now eight years old, for the long haul unless changes are made to regulation and we stop adding debt at break-neck speed. million at the end of December, 2007, before the crisis hit in 2008. Many of my economic views contain the word “weak.” I do not take this lightly.