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News: U.S. Bancorp (USB.N)

USB.N on New York Stock Exchange

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27 May 2016
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Thu, May 12 2016

BRIEF-Fitch says Basel proposals could impact U.S. Bank credit card lines

* Basel committee's proposal could impact internationally active U.S. Credit card banks CET1 ratios on average by 375 basis points Source text (http://bit.ly/1UVswAo) (Bengaluru Newsroom: +1 646 223 8780)

BRIEF-Fitch: weaker 1Q US bank results reflect macro-challenges

* Given U.S. macroeconomic environment, number of future rate hikes is looking less certain

Fitch: Good Earnings for U.S. Bancorp Despite Higher Energy Provisioning

(The following statement was released by the rating agency) CHICAGO, April 20 (Fitch) U.S. Bancorp's (USB) first quarter 2016 (1Q16) earnings continued to be strong and near the top of the industry despite some higher provision expenses related to the company's energy loan portfolio, which Fitch Ratings notes represents only 1.3% of the company's total loans outstanding. Overall, USB's annualized return on average assets (ROAA) was a good 1.32% in 1Q16, though down from 1.41% in the sequent

U.S. Bancorp profit slips on energy loan provisions

Regional lender U.S. Bancorp reported a 3 percent fall in quarterly profit, weighed down by higher costs and increased reserves for bad loans to the energy industry.

UPDATE 1-U.S. Bancorp profit slips on energy loan provisions

April 20 Regional lender U.S. Bancorp reported a 3 percent fall in quarterly profit, weighed down by higher costs and increased reserves for bad loans to the energy industry.

BRIEF-U.S. Bancorp Q1 earnings per share $0.76

* Q1 earnings per share view $0.76 -- Thomson Reuters I/B/E/S

U.S. Bancorp's profit falls 3 pct

April 20 Regional lender U.S. Bancorp reported a 3 percent fall in quarterly profit, weighed down by higher costs and increased reserves for bad loans to the energy industry.

MOVES-U.S. Bancorp names Jennifer Thompson as investor relations head

April 4 U.S. Bancorp, the parent company of U.S. Bank, said it appointed Jennifer Thompson as senior vice president, investor relations.

U.S. Bank, Santander to pay penalties over mortgage practices

WASHINGTON The U.S. Comptroller's office said on Tuesday that U.S. Bank will pay a $10 million penalty and Santander a $3.4 million penalty to lift 2011 consent orders related to mortgage practices.

UPDATE 1-U.S. Bank, Santander to pay penalties over mortgage practices

WASHINGTON, Feb 9 The U.S. Comptroller's office said on Tuesday that U.S. Bank will pay a $10 million penalty and Santander a $3.4 million penalty to lift 2011 consent orders related to mortgage practices.

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