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Stock Market & Financial Investment News

News Breaks
January 7, 2013
12:41 EDTUSBU.S. Bancorp share of IFR settlement to include pretax cash payment of $80M
News For USB From The Last 14 Days
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May 29, 2015
07:09 EDTUSBU.S. Bancorp says may need to cut jobs if interest rates don't rise, WSJ reports
Richard Davis, the chairman and CEO of U.S. Bancorp, warned that if interest rates do not rise as expected, the bank may have to cut jobs, The Wall Street Journal reports, citing comments made at an investor conference. Davis commented, “If we’re wrong and rates actually aren’t going to move up…trust me, we will cut expenses." Davis noted that there are no current plans to cut jobs, and still believes rates will begin rising in September or December. Reference Link
May 20, 2015
08:21 EDTUSBATM data theft soars to highest rate in two decades, WSJ says
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May 19, 2015
07:13 EDTUSBBarclays to hold a conference
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06:24 EDTUSBU.S. Bancorp and Bank of America win dismissal of mortgage claims, Reuters says
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May 15, 2015
16:32 EDTUSBBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
09:03 EDTUSBU.S. Bank, REI renew mutli-year contract
U.S. Bank (USB) announces the long-term renewal of its co-brand partnership with REI and the launch of the new REI World MasterCard. Under the agreement, the new REI co-branded credit cards will offer members more opportunities to earn through everyday purchases. The card portfolio will be converted to MasterCard (MA) with EMV chip-card technology, better protecting members from card-present counterfeit fraud.

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