Big Banks Have Mixed Results After Sweeping Tax Reform
Ken Leon, Global Director of Research and Industry Analyst at CFRA, explains how the new tax reform is impacting big banks. In 2018, the tax rate will decrease to about 19 percent.
For full interview [click here](https://cheddar.com/videos/big-banks-could-be-headed-for-big-gains).
The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.
JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.
Cannabis businesses in New York are growing increasingly frustrated over counterfeiting. Cheddar News spoke with Peter Tang, founder of Plugplay and Dr. Nima Majlesi of Staten Island University Hospital about the effects of counterfeiting.
