Trump's tax cut could mean a $4.4 Billion writedown for Bank of America

REUTERS/Shannon Stapleton Most of what the incoming Trump administration has proposed in terms of economic and regulatory policies would be a boon for big banks, but there is one policy that cuts both ways: Trump's desire to lower the corporate tax rate. According to one of the nation's leading bank analysts, Keefe, Bruyette & Wood's Brian Kleinhanzl, the move could reduce Bank of America'stangible book value by $4.4 billion. Bank of America's deferred tax assets You'd be excused for wondering h...