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US Treasury Sets Rules For 15% Minimum Tax On Biggest, Most Profitable Companies
The U.S. Treasury on Thursday announced new proposed rules for a new corporate alternative minimum tax from about 100 large companies now paying 2.6%.
El-Erian Says Cash On Sidelines Is Minimizing Bond Market Losses
Investors are using their massive cash piles to lock in attractive yields in global bond markets, helping to limit losses in the asset class.
JPMorgan Just Capped Junior Bankers’ Hours—At 80 Per Week
Two of Wall Street’s largest investment banks, JPMorgan and Bank of America, are cracking down on the industry’s infamous always-on culture.