Banks could pay $11 billion more in taxes under Biden's plan - Business Insider

Big banks may see an $11 billion tax hike under Biden's proposal, according to a new Bloomberg report.

Wells Fargo analyst Mike Mayo told Bloomberg that a tax increase would be a "concrete negative for banks." But he added that the current low interest rates are a "much bigger" impact to banks, and anything that would increase interest rates is a positive.A Joe Biden presidency could transform homeownership. Here are the winners and losers of his real-estate policies.

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