Income tax quiz: How much do you know about the levy?

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Key insight: For the Federal Reserve to shrink its balance sheet, it will need banks to hold fewer deposits at the central bank. Achieving that reduction starts with regulatory reform, analysts and academics say. Expert quote: “The way to get this accomplished is alongside a changing liquidity, regulatory and supervisory backdrop for the Fed.” —…

A U.S. District Court ruled Tuesday (Sept. 22) that federal credit unions cannot be forced to comply with the Illinois Interchange Fee Prohibition Act (IFPA), according to a Tuesday press release issued by the co-plaintiffs in a lawsuit challenging the law. The order extended to federal credit unions a permanent injunction that the court previously applied to…

Wikimedia Commons/PontiacAurora The Hawthorne Plaza mall, a nuisance property, is being torn down after languishing for years. The Hawthorne Plaza mall, an abandoned shopping center in the South Bay city of Hawthorne that was deemed a nuisance property, is being torn down. A court order last month directed the mall’s owners to begin demolition this…

StoneX Group Inc. has agreed to buy Integra Trading S.A.S., a Colombian coffee trader, exporter and mill operator, giving its physical commodities business its own presence in a key coffee-growing country. StoneX announced the definitive agreement today. The deal runs through StoneX’s Switzerland-based trading entity, and Integra will be integrated into StoneX Supply & Trading,…