Quarterly profit of US banks jumps 27.5% on lower rate of tax
Note: This section contains information in English only.
Tue, 22 May 2018 15:27:56 GMT
Source: Dukascopy Bank SA
The US banks reported profit of $56B in the March quarter, up 27.5% from a year before, as institutions started to take an advantage of lower tax rate, the FDIC report showed.
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