News Breaks |
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| January 7, 2013 |
| 12:44 EDT |  | USB | U.S. Bancorp sees Q4 EPS reduced 3c on pretax $80M paid in IFR settlement
U.S. Bancorp issued the following statement in response to this morning’s announcement from the OCC and the Federal Reserve regarding the Independent Foreclosure Review settlement agreement: "U.S. Bancorp has long been committed to sound modification and foreclosure practices. We have always regarded foreclosure as a last resort, and have helped thousands of borrowers over the past several years to stay in their homes through a variety of modification programs." U.S. Bancorp’s share of the settlement will include a cash payment of $80M pretax, which is expected to reduce Q4 earnings per share by approximately 3c. In addition, the settlement includes a commitment to provide approximately $128M of other mortgage assistance, such as loan modifications, which is covered by existing loan loss reserves. |
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News For USB From The Last 14 Days Check below for free stories on USB the last two weeks. |
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| June 18, 2013 |
| 12:48 EDT | | USB | U.S. Bancorp raises quarterly dividend 18% to 23c per share
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| June 17, 2013 |
| 07:10 EDT |  | USB | Big banks fight new rules for small loans, WSJ reports
Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link |
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| June 12, 2013 |
| 10:14 EDT |  | USB | On the Fly: Downgrade Summary
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| 06:21 EDT | | USB | U.S. Bancorp downgraded to Underweight from Neutral at Atlantic Equities
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| 05:58 EDT | | USB | Some major banks get two year delay on swap rule, WSJ reports
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| June 11, 2013 |
| 18:35 EDT | | USB | Banks given extension to spin off swaps units, WSJ reports
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| 15:12 EDT | | USB | Elavon, RGC Global Services announce strategic partnership
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| 07:30 EDT |  | USB | Morgan Stanley to host a conference
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| June 6, 2013 |
| 06:57 EDT |  | USB | U.S. Bancorp volatility flat, shares near 56-month high
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| June 5, 2013 |
| 14:26 EDT | | USB | U.S. Bancorp unit sued over Peregrine funds, WSJ reports
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