City

Citi is dropping after warning the Senate GOP tax bill could cost it $20 billion

5 days ago   |   By

Markets Insider
Citigroup fell 1.4% Wednesday after CFO John Gerspach warned at an investor conference that the GOP's Senate tax bill could cost the bank $20 billion.
The hit would stem from Citi writing down deferred tax assets, a charge analysts had previously estimated at only $12 billion, according to a Bloomberg report.
Shares opened the day at $76.30 and fell to $75.44 at the closing bell.
NOW WATCH: A self-made millionaire describes the financial mistakes to avoid if you want to get rich by 30
Read more ...

 

Experts are starting to find massive errors in the GOP tax bill after it went through Congress at lightning speed

Experts are starting to find massive errors in the GOP tax bill after it went through Congress at lightning speed

5 days ago   |   By

Republicans in the House and Senate passed their respective tax reform bills at breakneck speed.
Experts are starting to find errors and loopholes in the bills.
Members of the House and Senate conference committee will need to solve these issues and write a compromise bill.
As Republicans hurtle toward making their massive tax bill into law, experts are starting to find a slew of errors they say are likely the result of a rushed process.
Republicans argued that the bill was the culmination of years of work. But the actual bills off that work moved through both chambers of Congress at...
Read more ...

 


Search by Tags

   City      Citi      Senate Tax bill      GOP tax bill      C      House GOP Tax Bill      House Republican Tax Plan      House Republican Tax Reform Bill      Senate GOP Tax Bill      Senate Republican Tax Plan      Tax Cuts and Jobs Act  


TRUMP: Failed New York City bombing shows why Congress needs to pass my...

TRUMP: Failed New York City bombing shows why Congress needs to pass my immigration agenda

Chip Somodevilla/Getty Images President Donald Trump called for congressional action after Monday's failed New York City terror attack. "Today's attempted mass murder attack in... Read more ...

Bitcoin hits all-time high above $17,300 after bitcoin futures premiere

Bitcoin hits all-time high above $17,300 after bitcoin futures premiere

MI The price of bitcoin , the red-hot digital currency, topped its previous all-time high set Friday, according to data from Markets Insider. Bitcoin was trading up more than... Read more ...

20 unexpected items you can spend your FSA dollars on before the end of 2017

20 unexpected items you can spend your FSA dollars on before the end of 2017

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Most people... Read more ...

Here's The View From A Plow Truck Blazing Through California's Hell Fires

Here's The View From A Plow Truck Blazing Through California's Hell Fires

Immense wildfires are still ripping across southern California this week. This video from what seems to be the cab of a CalTrans plow truck clearing paths firefighters and... Read more ...

Roy Moore, facing allegations of sexual misconduct with teenage girls, sits...

Roy Moore, facing allegations of sexual misconduct with teenage girls, sits down for interview with 12-year-old girl

America First Project Alabama Senate candidate Roy Moore was interviewed by a 12-year-old girl. He has been accused of sexual misconduct with teenage girls when he was in his... Read more ...

9 wildly successful people who were bullied as kids

9 wildly successful people who were bullied as kids

Jorge Silva/Reuters Successful people are rallying around Keaton Jones , a Tennessee middle-school student who described the bullying he's endured in a video that has gone... Read more ...

Trump officials were warned about Mike Flynn at least 6 separate times...

Trump officials were warned about Mike Flynn at least 6 separate times before removing him

Win McNamee/Getty Images Top officials on President Donald Trump's transition team and in the Trump administration were repeatedly warned about hiring Michael Flynn as the... Read more ...

Top 10 waiver-wire pickups for Week 15 in your fantasy football league

Top 10 waiver-wire pickups for Week 15 in your fantasy football league

Joe Robbins/Getty With Week 14 of the NFL season nearly in the books, it's time for another waiver cycle in the world of fantasy football. Some fantasy leagues have already... Read more ...

Comment Of The Day: Torque Edition

Comment Of The Day: Torque Edition

Full disclosure: I love Mercedes-AMG Black Series cars. I love how they seem like they were designed first with a massive engine making huge power and then everything else-like... Read more ...

Here's A Cheap And Easy Way To Give Your Old Car A USB Plug That Actually...

Here's A Cheap And Easy Way To Give Your Old Car A USB Plug That Actually Looks Good

You can buy a USB adapter for your car's 12 volt cig lighter plug for a couple bucks. But if you spend just a tiny bit more time and money, you can have a charging port that... Read more ...