One tax loophole may have closed permanently, but banks can rest easy there will be more where that one came from.

The U.S. Supreme Court dealt a blow to a tax shelter on June 9 from which Wells Fargo (WFC) was trying to claim an $82 million tax refund. The high court declined to hear an appeal by Wells of a lower court's ruling dismissing its claims.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.