SWBC's LenderHub
MARCH 13, 2020
As our leaders in Washington DC bicker over a fiscal response to COVID-19, mostly coming up with ideas that look to win votes (payroll tax holidays, guaranteed sick leave for everyone, tax credits for affected companies) as opposed to actually saving the economy from a credit induced depression, it looks like it is on the Fed again to do the job.
Jeff For Banks
JANUARY 19, 2013
The “Fiscal Cliff” Who in their right minds would have so many critical tax codes and laws expiring all on the same year-end date? Higher wage earners will see an increase in the top tax bracket, from 35% to 39.6%, and an increase in their capital gains and investment income levels from 15% to 20%. Oh, wait, our Congress!
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FICO
MARCH 31, 2016
During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Please join us in Washington DC April 26 -29! Model management continues to present financial institutions with new compliance obstacles.
Jeff For Banks
OCTOBER 11, 2011
Liquidity is becoming a problem for these banks, and with their stocks battered daily, they have no ready sources of capital. This will act like a tax cut at just the time when it seems Washington DC will not provide one. There has been a lot of talk about rescues from the European Union, but the markets want action.
Gonzobanker
DECEMBER 19, 2017
The Get Outta Dodge (and Focus) Award – Goes to Capital One for exiting a significant mortgage business to focus on cards and direct banking. Executioner’s Tax (Swing of the Ax) – Power Trip. These actions DO NOT represent the vast majority of Wells Fargo professionals, but they are symptomatic of an earnings culture gone wild.
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