With the new tax law limiting the deductibility of net business interest expense, the Treasury Department and the Internal Revenue Service today issued guidance on the calculation of the limitations and related rules, pending the formal release of proposed regulations.

If bank capital is a form of currency, how is tax reform shaping the dealmaking environment, from community banks to midsize and regionals?

A little after midnight this morning, the Senate voted to pass a $1.3 trillion spending bill that will fund the government through the end of the fiscal year on Sept. 30.

Sports naming rights deals -- like Golden1 Credit Union’s $120 million deal for the arena of the NBA’s Sacramento Kings -- are just one sign that credit unions no longer need any federal tax subsidy, a respected tax analyst said today.

Hopefully an unintended consequence of the major tax legislation enacted in December will be the triggering of a fundamental review of the taxation of the FCS and agricultural co-ops relative to banks and other investor-owned businesses.

FDIC-insured banks and savings institutions earned $25.5 billion in the fourth quarter, down 40.9 percent from the industry’s earnings a year before, the FDIC said yesterday.

The American Bankers Association today published a new staff summary addressing the changes to the treatment of mortgage interest deductibility as a result of the new tax reform law.

Taxpayers should no longer subsidize the nation’s largest credit unions that operate effectively the same way as taxpaying banks, all 52 state bankers associations said in a letter to Sen. Orrin Hatch (R-Utah) today.

The Financial Accounting Standards Board today issued its final standard outlining how banks can adjust regulatory capital balances that were affected by the new tax reform law.

The Financial Accounting Standards Board today approved a highly anticipated proposal for adjusting regulatory capital balances that were affected by the new tax reform law, an issue that was first raised by ABA in a letter to FASB in December.