Bloomberg President Donald Trump’s Christmas wishes include a peaceful America, he said while taking phone calls from children tracking the global travels of Santa’s sleigh — although the president’s social-media activities suggested otherwise. “I think we want peace. What do you think? Peace for the country,” Trump told a young boy. “We’ve got prosperity. Now we want peace,” the president ...

Bloomberg Bank of America Corp. expects to take a roughly $3 billion hit to fourth-quarter net income after the US tax bill slashed corporate rates. The reduction is “primarily” from a lower value of net deferred tax assets, according to a filing by the Charlotte, North Carolina-based firm. So-called DTAs pile up in cases where a company loses money and ...

Bloomberg The Swiss National Bank bought a 90 percent stake in Landqart AG, bailing out the sole producer of the material on which its paper money is printed. The acquisition is aimed at saving Landqart, which the SNB said was facing a liquidity shortage and a “direct and existential threat.” The central bank also said the move ensures “continued supply ...