U.S. Bancorp
U.S. Bancorp
U.S. Bancorp with nearly 70000 employees and $554 billion in assets as of December 31 2020 is the parent company of U.S. Bank National Association the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams branches and ATM network with digital tools that allow customers to bank when where and how they prefer.
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M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors.
August 16 -
The new products, along a 2% cash-back credit card, are aimed at helping customers build savings and reduce debt.
August 5 -
Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.
July 17 -
The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.
July 17 -
The regional bank has begun closing branches in Chicagoland as part of a plan to reduce its net number of brick-and-mortar offices by up to 15% even as it looks to expand in the Southeast.
June 5 -
A former call center worker says he lost his job last year after reporting that employees were given incentives to market credit cards to ineligible borrowers.
May 6 -
Even as consumer and CRE lending slowed in the first quarter, business lending — particularly to middle-market companies — surged. But some banks are already warning that the growth could taper off as competition from nonbanks heats up.
April 29 -
Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank.
April 24 -
The Minneapolis bank will open about 10 branches in North Carolina's largest city by the end of next year, adding to already intensifying competition among big banks.
April 22 -
CEO Andy Cecere acknowledges that other banks have tried to broaden customer relationships and selectively expand into new markets before and struggled. But the sophistication of today’s online and mobile services could make all the difference this time, he says.
April 17