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Stock Market & Financial Investment News

News Breaks
November 27, 2012
09:11 EDTUSBU.S. Bancorp's lead bank acquires Florida-based FSV Payment Systems
U.S. Bank, lead bank of U.S. Bancorp, announced that it is acquiring Florida-based FSV Payment Systems, a prepaid card processing company known for its expertise managing a broad range of prepaid programs for companies, governments and other financial institutions. The acquisition combines U.S. Bank's payments strength and prepaid expertise with FSV's platform which will position the combined entity as one of the few financial institutions in the industry capable of providing efficient end-to-end prepaid programs and services for its clients. The programs and services that FSV clients currently use will continue uninterrupted through the transition, and in the future they will benefit from new developments and innovations that the combined business will provide.
News For USB From The Last 14 Days
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November 21, 2014
07:24 EDTUSBBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 19, 2014
07:51 EDTUSBClearing House Payments Company to hold a conference
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November 12, 2014
11:45 EDTUSBU.S. Bancorp CEO says relieved bank is not bigger than it is
Sees better industry wide loan growth in 2015 vs. 2014. Says consumers cautious getting deeper in auto, credit cards. Comments made at the Bank of America Merrill Lynch Banking and Financial Services Conference.
07:28 EDTUSBBofA/Merrill to hold a conference
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November 10, 2014
06:53 EDTUSBBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTUSBRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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