Bank earnings continue to show credit remains a key payments choice. U.S. Bancorp’s earnings, released Wednesday (July 17) indicated that within the company’s payment services segment, credit card payment volumes came in at $36.5 billion, up 4.6% year on year. The average loan balance, overall,...
U.S. Bank has set the effective date of two previously announced promotions. Effective Sept. 1, the bank’s current vice chair and CFO, Terrance Robert Dolan, will become vice chair and chief administration officer overseeing the company’s combined Chief Administration Office, U.S. Bank said in a...
Bank earnings continue to roll in. Beyond the biggest players, J.P. Morgan, Citigroup, and others, the regionals and the super-regional banks have shown some resilient trends: Consumers continue to spend, digital and omnichannel efforts continue to make headway. The deposit volatility that might have been...
Regulators in the U.S. are looking into whether big regional banks should be required to add to the debt buffer that helps them in times of crisis, which could slow down some pending mergers. Both the Federal Reserve and the Office of the Comptroller of...
April 19, 2023
Bank earnings continue to roll in. Beyond the biggest players, J.P. Morgan, Citigroup, and others, the regionals and the super-regional banks have shown some resilient trends: Consumers continue to spend, digital and omnichannel efforts continue to make headway. The deposit volatility that might have been expected in the wake of the Silicon Valley Bank (SVB) […]
August 23, 2023
U.S. Bank has set the effective date of two previously announced promotions. Effective Sept. 1, the bank’s current vice chair and CFO, Terrance Robert Dolan, will become vice chair and chief administration officer overseeing the company’s combined Chief Administration Office, U.S. Bank said in a Wednesday (Aug. 23) press release. On the same day, U.S. […]
August 07, 2022
Regulators in the U.S. are looking into whether big regional banks should be required to add to the debt buffer that helps them in times of crisis, which could slow...
May 13, 2021
JPMorgan Chase, Wells Fargo and U.S. Bancorp are among the big U.S. banks working on a government initiative to get credit into the hands of people with no or low...
September 12, 2019
To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. Bancorp cut its growth outlook in the long term. Multiple large U.S. banks have...
