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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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October 29, 2014
07:26 EDTUSBSecurities Industry & Financial Markets Association to hold a forum
The SIFMA Complex Products Forum is being held in New York on October 29.
October 27, 2014
06:49 EDTUSBTesla CEO Musk announces 'improved' leasing with U.S. Bank
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October 23, 2014
06:32 EDTUSBGovernment relaxing mortgage regulations, NY Times says
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October 22, 2014
11:47 EDTUSBU.S. Bancorp upgraded earlier to Buy from Hold at Rafferty Capital
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07:19 EDTUSBU.S. Bancorp reports Q3 net charge-offs $366M
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07:17 EDTUSBU.S. Bancorp reports Q3 EPS 78c, consensus 78c
Reports Q3 revenue $4.99B, consensus $4.99B.
October 21, 2014
15:35 EDTUSBNotable companies reporting before tomorrow's open
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08:18 EDTUSBBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link

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