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Stock Market & Financial Investment News

News Breaks
June 17, 2014
13:01 EDTUSBU.S. Bancorp raises quarterly dividend 6.5% to 24.5c from 23c per share
The dividend is payable July 15 to shareholders of record at the close of business on June 30.
News For USB From The Last 14 Days
Check below for free stories on USB the last two weeks.
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September 18, 2014
14:08 EDTUSBBanks look to high-interest personal loans to boost revenue, WSJ says
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September 17, 2014
13:16 EDTUSBHolder says DOJ looking to charge bank executives, Washington Post says
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September 16, 2014
11:19 EDTUSBU.S. Bancorp releases results of its mid-cycle stress test
For projected stressed capital ratios, U.S. Bancorp's total risk based capital ratio would be 10.8%, Tier 1 capital ratio would be 9% and Tier 1 leverage ratio would be 7.5% at 2Q16. Reference Link
September 12, 2014
07:41 EDTUSBBank lending grew in quarter, with Capital One leading pack, WSJ reports
Total loans outstanding at U.S. banks and thrifts grew by $178.5B in the second quarter, with Capital One Financial (COF) leading the big banks by growing its loans at an annualized rate of 12.5%, according to SNL Financial data, reported The Wall Street Journal. SNL said 14 of the 15 largest U.S. banks increased their lending, with only Bank of America (BAC) issuing fewer loans than the quarter before, largely attributed to a drop in U.S. closed-end residential mortgages, the report noted. Other publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:35 EDTUSBApple getting discounted card fees for Apple Pay, NY Times reports
Banks are charging Apple lower than usual credit card fees for the tech giant's new mobile payment system, according to The New York Times. The banks hope that participating in Apple Pay will enable them to process transactions that aren't currently being paid for with credit cards, the newspaper explained. The banks and credit card networks also hope to use Apple Pay to prevent technologies that don't incorporate banks from becoming popular, The Times reported. Publicly traded credit card networks include American Express (AXP), Capital One (COF), Discover (DFS), MasterCard (MA) and Visa (V). Publicly traded banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC)..Reference Link
September 11, 2014
07:21 EDTUSBBankruptcy bill focused on big bank failure moves past committee, WSJ says
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September 10, 2014
07:16 EDTUSBRepublicans, Democrats both push for harder 'too big to fail' rules, WSJ says
Lawmakers from both the Republican and Democrat sides of the aisle urged U.S. regulators to push forward additional regulations to ensure the biggest banks aren't "too big to fail," said The Wall Street Journal. 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). Reference Link
06:35 EDTUSBFed may raise capital requirement for some banks to 11.5%, NY Times reports
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September 9, 2014
07:13 EDTUSBU.S. Bancorp long-term goals include ROE 16%-19%
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06:33 EDTUSBFed looks set to pressure large banks to shrink, NY Times says
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