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


USB.N on New York Stock Exchange

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Wed, Jun 5 2013

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Bancorp sued over 'Midwest Madoff' brokerage accounts

NEW YORK/CHICAGO - U.S. regulators on Wednesday launched the first lawsuit against a bank tied to the blow-up of brokerage Peregrine Financial, alleging U.S. Bancorp knowingly let Russell Wasendorf Sr. use customer money held at the bank to fund his lavish lifestyle.

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UPDATE 3-US Bancorp sued over 'Midwest Madoff' brokerage accounts

* Says bank let PFG chief use accounts to secure private loans

CFTC sues US Bancorp's U.S. Bank N.A. over Peregrine funds

WASHINGTON, June 5 - The Commodity Futures Trading sued U.S. Bancorp's U.S. Bank N.A., accusing it of unlawfully holding customer funds from Peregrine Financial Group, the futures brokerage that collapsed in July 2012.

MOVES-U.S. Bancorp, RBC, Lloyds, FINRA

April 30 - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com.

U.S. Bancorp profit up, but net interest margin narrows

- U.S. Bancorp , the fifth-largest U.S. commercial bank by assets, reported a first-quarter profit that met analysts' expectations but the lender's net interest margins narrowed and mortgage-banking revenue fell, sending its shares down nearly 3 percent.

Fitch: Lower Expenses Offset Decline in Mortgage Banking to Keep U.S. Bancorp 1Q'13 Results Strong

(The following statement was released by the rating agency) NEW YORK, April 16 (Fitch) U.S. Bancorp's (USB) reported first quarter 2013 (1Q'13) earnings of $1.43 billion, essentially unchanged from the sequential quarter, but up 6.7% from the year-ago quarter. These results equated to a strong 1.65% return on assets (ROA) and 16% return on equity (ROE), which continue to be near the top of the banking industry. While overall revenue growth remained challenging amid the protracted low inter

UPDATE 2-U.S. Bancorp profit up, but net interest margin narrows

April 16 - U.S. Bancorp, the fifth-largest U.S. commercial bank by assets, reported a first-quarter profit that met analysts' expectations but the lender's net interest margins narrowed and mortgage-banking revenue fell, sending its shares down nearly 3 percent.

U.S. Bancorp quarterly profit rises 7 pct

April 16 - U.S. Bancorp, the fifth-largest U.S. commercial bank by assets, reported a 7 percent increase in quarterly profit, largely due to lower provisions for credit losses and a drop in non-interest expenses.

MOVES-U.S. Bank of Naples, Canaccord Genuity, S&P Capital IQ

March 20 - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email to moves@thomsonreuters.com.

CORRECTED-MOVES-Bank of America, Citigroup, U.S. Bank, Nomura

(Corrects company name in headline to U.S. Bank from U.S. Bancorp)

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