US BANCORP (USB)
US9029733048 - Common Stock
Wells Fargo is Hiring Leerink Health-Care Banker Michael Giaquinto
Wells Fargo & Co. has hired health-care banker Michael Giaquinto as a managing director focused on the medical technology sector from Leerink Partners, according to a person briefed on the matter.
U.S. Bank Decreases Prime Lending Rate to 7.50 Percent
US bank regulator considering legal action against former SVB executives
The chairman of a leading U.S. banking regulator said Tuesday his agency is considering legal action against six former officers and eleven former directors of Silicon Valley Bank. Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in a statement that the agency was considering suing the former bank executives, who were not specifically named, due to their "breaches of duty" in mismanaging Silicon Valley Bank's portfolio before its abrupt collapse last spring. Gruenberg, a Democrat appointed by President Joe Biden, has said he plans to retire from the agency on Jan. 19.
Watch: Vikings' Justin Jefferson pays tribute to Randy Moss after TD vs. Bears - UPI.com
Justin Jefferson had Randy Moss on his mind during the Minnesota Vikings' latest game. His feelings surfaced when he scored a touchdown and gave tribute to the NFL icon, who was recently diagnosed with cancer.
U.S. Bank to open innovation office in Cincinnati
JPMorgan’s Head of Currency Trading Sees Trump Boosting Volumes
Donald Trump’s return to the White House is fueling a rise in currency trading volumes, according to JPMorgan Chase & Co., which sees his trade policies increasing attention on foreign-exchange markets.
Goldman Sachs Economists See Fed Skipping a Rate Cut in January
The Federal Reserve is likely to signal a slower future pace of easing when it meets later this week and then skip cutting interest rates in January, according to Goldman Sachs Group Inc. economists.
Goldman Sachs Economists See Fed Skipping a Rate Cut in January
(Bloomberg) -- The Federal Reserve is likely to signal a slower future pace of easing when it meets later this week and then skip cutting interest rates in January, according to Goldman Sachs Group Inc. economists. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearWhile the US bank sees policymakers still deliveri
More than half of Gen X parents worry about financially supporting their kids into adulthood, survey shows
Fifty-three percent of Gen X parents are concerned their kids won't be fully financially independent into adulthood, U.S. Bank data reveals.
Trump advisers reported plan to ease banking oversight may not get required support
Trump advisers and officials from the newly founded Department of Government Efficiency (DOGE) have considered potentially eliminating the Federal Deposit Insurance Corp (FDIC), the Wall Street Journal reported on Thursday, citing people familiar with the matter. Restructuring the major federal regulatory agencies would be a very complex task, ING sector strategist Marine Leleux said. Advisers have asked the nominees under consideration for the FDIC if the absorption of the agency into the Treasury Department could be possible, the WSJ reported.
Goldman Sachs granted licence for China fund sales
Goldman Sachs received regulatory approval to sell funds in China, the latest U.S. investment bank to get a financial licence in a sign of Beijing's commitment to continue opening up the sector to foreign companies. The Beijing Bureau of China Securities Regulatory Commission (CSRC) granted a fund sales licence to the U.S. bank's Chinese securities brokerage unit on Friday, an official record shows. The approval comes after China's top economic and financial leaders recently voiced continued support to international companies' China expansion.
Key Treasury Spread Turns Positive With Fed Rate Cut in View
Yields on US Treasury 10-year notes exceeded three-month bill yields for the first time since 2022 with another Federal Reserve interest-rate cut expected next week.
Better Buy in 2025: XRP, Dogecoin, or Bitcoin?
The cryptocurrency market is on a tear this year, thanks in part to Trump's election win on Nov. 5.
US banking giant JPMorgan elects Hershey CEO Michele Buck to board
U.S. banking powerhouse JPMorgan Chase on Thursday announced the election of Hershey's CEO Michele Buck to its board, effective March 17. Buck, 63, is also the president and board chairman of Hershey, the snacking and confectionary company behind successful brands such as Reese's Peanut Butter Cups and Milk Duds. She started her career at the Frito-Lay division of PepsiCo and brings more than 30 years of experience in consumer-packaged goods to JPMorgan.
USB January 2025 Options Begin Trading
US bank profits dip in third quarter, but interest income up - FDIC
U.S. bank profits dipped 8.6% in the third quarter of 2024 to $65.4 billion, after enjoying a one-time surge the prior quarter, the Federal Deposit Insurance Corporation reported Thursday. The slightly lower profits were primarily due to the fact that banks reported one-time gains on equity security transactions in the second quarter, and were partially offset by strong net interest income and growing revenue, the regulator said in its quarterly profit report. Bank profits were up slightly when compared with first quarter numbers.
Goldman Sachs Names Alzaim Saudi CEO as US Bank Boosts Presence
Goldman Sachs Group Inc. has appointed Omar Alzaim as chief executive officer of its Saudi Arabia operations as it looks to boost its presence in the country.
Goldman Sachs Names Alzaim Saudi CEO as US Bank Boosts Presence
(Bloomberg) -- Goldman Sachs Group Inc. has appointed Omar Alzaim as chief executive officer of its Saudi Arabia operations as it looks to boost its presence in the country. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamAlzaim will also continue in his role as head of investment banking f
Donald Trump could trigger another Wall Street crisis
US banks are celebrating Donald Trump’s election win but they should be wary.
REUTERS NEXT-US bank executives expect Trump to ease rules, fuel growth
President-elect Donald Trump is expected to adopt pro-growth policies that ease U.S. banking and credit card regulations, while spurring deals, industry executives said on a panel at the Reuters NEXT conference in New York on Wednesday. "I hope the new administration will use this as a point to do a reset," Barclays U.S. consumer Bank CEO Denny Nealon said at Reuters NEXT. "There are some things, like the credit card competition act, that could destabilize the credit cards market and ultimately hurt the consumer," he said, referring to rules from the Biden administration.
U.S. Bancorp announces quarterly dividends
JASC turns former US Bank building into new headquarters
Citi's Fraser Won't Grade the Bank Turnaround Plan Yet
Citigroup CEO Jane Fraser says it's too soon to grade her on turning around the fourth-largest US bank. She spoke with Sonali Basak ahead of Bloomberg’s Women, Money & Power conference in London on Tuesday. (Source: Bloomberg)
Best Buy, U.S. Bank lead board pay packages this year
BofA, Wall Street’s Biggest Pound Bull, Sees Another 8% Gain
Bank of America Corp. has emerged as Wall Street’s biggest pound bull, pushing a 2025 forecast that sees the currency hitting its highest level against the euro since 2016 and surging 8% versus the dollar.
BofA, Wall Street’s Biggest Pound Bull, Sees Another 8% Gain
(Bloomberg) -- Bank of America Corp. has emerged as Wall Street’s biggest pound bull, pushing a 2025 forecast that sees the currency hitting its highest level against the euro since 2016 and surging 8% versus the dollar.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe US bank is calling for the pound to advance to 80 pence per eu
How Citi Lost $17 Million on Biggest Aussie Block Trade in Years
(Bloomberg) -- Citigroup Inc. undercut rivals this week to win the biggest block trade in Australia in seven years, only to see the deal unravel and leave the US bank with unsold stock on its books.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe firm outbid other rivals on a block trade in property firm Goodman Group by China Investment Corp. with a discount of between 1.4% to 1.5% below Tuesd
How Citi Lost $17 Million on Biggest Aussie Block Trade in Years
Citigroup Inc. undercut rivals this week to win the biggest block trade in Australia in seven years, only to see the deal unravel and leave the US bank with unsold stock on its books.
U.S. Bancorp to speak at the Goldman Sachs Financial Services Conference
JPMorgan Bolsters Florida Bet With 300 New Jobs in Orlando
JPMorgan Chase & Co. plans to hire 300 people in the Orlando area over the next two years, part of the largest US bank’s expansion in the South.