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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In a survey last month, only one in 10 chief executives identified mergers as their top priority, while 77% pointed to organic growth. The sparse interest in dealmaking may be due to volatile markets, along with slower approvals from regulators.
March 14 -
The deal will help the bank serve small-business customers that are shifting to digital payments.
August 12 -
Customers are responding well so far to the Minneapolis bank's May rollout of video appointments with branch bankers.
July 30 -
The Minneapolis company recently advised a nonprofit on a $30 million issuance that will provide financing to developers building multifamily housing and community facilities. It includes a framework, which the bank intends to deploy again, for informing investors on how the money is being used.
July 16 -
The Minneapolis company has agreed to buy PFM Asset Management. Like many in the industry, it is hunting for additional sources of noninterest income.
July 8 -
It's the latest move in an industry shift toward more secure sharing of bank account data with fintechs and away from screen scraping.
May 13 -
The banks disclosed this week that they are under scrutiny for conduct that may have harmed consumers. The timing raises questions about whether the Consumer Financial Protection Bureau under President Biden is poised to bring more enforcement actions against large banks than it did under Trump-appointed Director Kathy Kraninger.
May 7 -
The probe is the latest example of the consumer bureau scrutinizing sales tactics at big banks following the Wells Fargo fake-accounts scandal. U.S. Bancorp said it is cooperating fully.
May 6 -
“If I see something that needs to be fixed, I tend to just gravitate toward it,” said Ratliff, U.S. Bank's head of disputes and prepaid operations.
May 5 -
The company’s payments services business has struggled during the pandemic, but executives are counting on commercial clients’ embrace of real-time payments to help fuel the unit’s growth in 2021.
April 15