Finserv’s wins and losses in the tax bill

House Republicans’ much-anticipated tax bill dropped last week with all the usual fanfare. The reception from K Street was a warm one.

The text that the Ways and Means Committee marked up didn’t include a host of tax hikes corporate lobbyists were fearing. For banks and financial services firms in particular, there’s a lot to celebrate.

Let’s get into how the industry made out in the tax package.