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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:01 EDTUSBU.S. Bank says to wind down Checking Account Advance
U.S. Bank will begin to wind down its short-term, small-dollar deposit advance product, Checking Account Advance, to align with final regulatory guidance issued by the Office of Comptroller of the Currency and the Federal Deposit Insurance Corporation. “We recognize our customers’ need for short-term, small dollar credit,” said Kent Stone, vice chairman of consumer banking sales and support at U.S. Bank. “We are committed to finding new solutions that meet the needs of all of our customers and fit within the current regulatory expectations.” Effective Friday, Jan. 31, U.S. Bank will no longer offer Checking Account Advance to new checking account customers. Checking Account Advance will be discontinued for current customers on May 30. Customers who have an outstanding balance at that time will be offered extended repayment terms. U.S. Bank will offer other forms of credit to customers who qualify.
News For USB From The Last 14 Days
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July 27, 2015
10:44 EDTUSBU.S. Bancorp, Chrome River sign strategic agreement
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10:44 EDTUSBU.S. Bank forms strategic channel partnership with Adelman Travel
U.S. Bank is entering into a strategic alliance with global travel management services provider Adelman Travel, through which Adelman will offer U.S. Bank’s suite of corporate payment products, including its virtual payment technology, to corporate payment clients. Under the agreement, U.S. Bank’s global payment tools will be integrated with Adelman’s booking and back-office solutions. As part of the agreement, U.S. Bank’s virtual payment solution will be made available to joint clients with no additional fees.
July 19, 2015
19:12 EDTUSBFederal Reserve proposes changes to 'stress test' regulations
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July 15, 2015
17:59 EDTUSBU.S. Bancorp releases results of 2015 Dodd-Frank Stress Test
Common Equity Tier 1 ratio would be 7.6% in severe adverse scenario and Tier 1 risk-based capital ratio would be 9%. Reference Link
10:16 EDTUSBU.S. Bancorp sees growth in payments in 2H
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09:48 EDTUSBU.S. Bancorp says will be 'more Draconian' on expenses if needed
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09:47 EDTUSBU.S. Bancorp sees Q3 net charge-offs, NIM 'relatively stable'
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07:19 EDTUSBU.S. Bancorp CEO says 'well positioned' to create value for shareholders
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07:18 EDTUSBU.S. Bancorp reports Q2 provision for credit losses $281M
Reports decline in net charge-offs of 15.2 percent on a year-over-year basis. Net charge-offs increased modestly -- 6.1% -- over the previous quarter as a result of lower recoveries. Provision for credit losses was $15 million less than net charge-offs in the current quarter. Return on average assets of 1.46 percent and average common equity of 14.3 percent. Reports Growth in average total loans of 4.0 percent over the second quarter of 2014 and 0.7 percent on a linked quarter basis. Ratios at June 30, 2015, were: Common equity tier 1 capital to risk-weighted assets estimated for the Basel III fully implemented standardized approach of 9.2 percent and for the Basel III fully implemented advanced approaches of 12.4 percent Basel III transitional standardized approach: Common equity tier 1 capital ratio of 9.5 percent; Tier 1 capital ratio of 11.0 percent; Total risk-based capital ratio of 13.1 percent.
07:16 EDTUSBU.S. Bancorp reports Q2 EPS 80c, consensus 80c
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07:15 EDTUSBU.S. Bancorp reports Q2 EPS 80c, consensus 80c
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July 14, 2015
15:01 EDTUSBNotable companies reporting before tomorrow's open
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