Bank of America and Wells Fargo will match the U.S. government's initial $1,000 contribution to the proposed Trump Accounts for eligible employees' families, according to internal memos. BofA will let eligible employees make pre-tax contributions to these accounts through payroll deductions.
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US banking giants to match government contribution to Trump Accounts
The banking industry is looking to another strong year, with investment banking revenue expected to benefit from a rebound in dealmaking and IPOs, while interest income is expected to gain from a pickup in loan demand.
