U.S. Bancorp on Friday acquired nine banks held by FBOP Corp, picking up $18.4 billion in assets after regulators seized a major Los Angeles lender and eight other banks in the latest failures to emerge from the financial crisis.
Wells Fargo & Co and U.S. Bancorp posted earnings that trounced Wall Street expectations, helped by outsized revenue from underwriting mortgages.
U.S. stocks gained on Wednesday as results from banks, including Morgan Stanley, topped expectations, and on increased optimism about the technology sector's profit outlook.
EBay Inc shares rose on Tuesday after Piper Jaffray upgraded the stock of the online auctioneer, citing improved Web traffic and improved customer satisfaction with its website.
U.S. regulators seized Corus Bank on Friday in the fourth-largest bank failure this year and sold its deposits to MB Financial Bank.
U.S. regulators seized Corus Bank on Friday in the fourth-largest bank failure this year and sold its deposits to MB Financial Bank.
U.S. regulators seized Corus Bank on Friday in the fourth-largest bank failure this year and sold its deposits to MB Financial Bank .
Bank regulators closed four Midwestern banks and one in Arizona on Friday, bringing to 89 the number of U.S. banks to fail this year as deteriorating loans continue to take their toll on financial institutions.
The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.
Wells Fargo & Co and other major U.S. banks said the troubled economy drove big increases in loan losses, reducing second-quarter earnings.
A so-called blank-check company said it has acquired two Nevada community banks in what it called the largest such recapitalization of a banking company in U.S. history.
NEW YORK, June 17 Reuters) - Ten of the largest U.S. banks said on Wednesday they repaid more than $68 billion of taxpayer bailout funds, as they race to extract themselves from government restrictions on pay for top executives.
(Corrects number of banks in first bullet point, corrects index closing level in third bullet point, updates total repayment figure to $68 bln in bullet point and paragraph 1)
U.S. Bancorp and BB&T Corp repaid billions of dollars in government bailout funds on Wednesday, the first of the large banks to do so, ahead of eight others given permission to return the money.
U.S. Bancorp on Wednesday said it is repaying $6.6 billion in government bailout funds, becoming the first large bank to do so, ahead of nine others given permission to return the money.
The U.S. Federal Reserve is expected to say Goldman Sachs Group Inc, JPMorgan Chase & Co and perhaps a few other banks will be allowed to repay money to the Troubled Asset Relief Program, The Wall Street Journal said on Monday, without saying where it got the information.
The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition.
The Federal Deposit Insurance Fund Corp. is looking to shake up Citigroup’s top management, the Wall Street Journal reported today.
First Financial Bancorp said Monday it will buy 17 of Peoples’ 19 branches in southwestern Ohio and southeastern Indiana.
Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a deep recession, or proof that they have enough of a buffer already.
Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see a bigger cushion against a deep recession, or proof that they have enough of a buffer already.
Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see bigger cushions against a deep recession, or proof they have enough of a buffer already.