Business Highlights

Business Highlights

___Bank execs sing praises of new tax law as windfall loomsNEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — are indicating they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. Banks have regularly paid effective tax rates of 30 percent or more. JPMorgan said Friday that it now expects its effective corporate tax rate to be roughly 20 percent, while Wells estimates 19 percent....