FILE PHOTO: FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in New York City, United States
NEW YORK: Senior Wall Street bankers are warning that a plan by US regulators to rewrite the rules of tax-equity investing will deliver a major blow to a market dominated by JPMorgan Chase & Co and Bank of America Corp (BofA).
At issue is the perceived risk of tax-equity investments, which are a form of financing in which banks provide capital to green projects in exchange for tax credits.
