U.S. BANCORP

U.S. Bancorp is a financial services holding company, headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank, the sixth-largest commercial bank in the United States as of September 30, 2009. U.S. Bancorp offers regional consumer and business banking and wealth management services, national wholesale and trust services and global payments services to more than 15.8 million customers. The company employs approximately 58,000 people.

U.S. Bank National Association is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury.

Knight Capital Being Saved By Very People It Tried to Screw Over

There's one developing storyline in the saga of Knight Capital Group Inc., the Wall Street market maker that lost more than $440 million Wednesday when an automated trading program it had just installed went berserk, that's not being talked about: It is being propped up by the very people it tried to screw over.

JPMorgan Chase Rolls Out Prepaid Card To Recoup Lost Fees

JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.

European, US Officials Struggle To Tighten Banking Rules

European Union finance ministers failed Thursday to hammer out new global banking regulations, highlighting the resistance regulators on both sides of the Atlantic face as they push for tougher banking rules to ensure banks won't spark another great recession, as they did in 2008.

Apple-mania spreads, Piper Jaffray sees $1,000 stock

Apple Inc shares set a record high on Tuesday after Piper Jaffray supported Topeka Capital Market's assertion that the stock should breach $1,000 in a year or two, propelled by emerging markets growth and new products that could include a revolutionary TV set.

Justice Dept. Inviting More Banks to Join Mortgage Settlement

As the U.S. government nears a deal with top banks to resolve mortgage abuses, the Justice Department has begun reaching out to other banks to gauge their interest in joining the wide-ranging settlement, according to a person familiar with the matter.

Pages

IBTimes Logo

Minnesota Vikings Stadium Funding Plan Up in Air

The Minnesota Vikings and state officials were scrambling to find funding for a proposed $1.1 billion stadium after state lawmakers rejected plans to increase a local sales tax without a public referendum.
A generic picture of a some credit cards and debit cards.

Major Banks Reconsider Debit Card Fees

Bank of America will keep the $5-a-month fee for debit card use that's scheduled to start early next year, while other banks, like J.P. Morgan Chase and Wells Fargo, announced Friday that they are shying away from the fees.
IBTimes Logo

Nara Bancorp to raise $55 mln in stock offering

Nara Bancorp Inc , which posted a better-than-expected third-quarter profit, said it had commenced an underwritten public offering of about $55 million of its common stock, nearly a fifth of its current market value.
IBTimes Logo

Q3 Bank Earnings Recap

With the majority of the banking industry by assets having reported third quarter results, FBR Capital Markets believes that some of the dire scenarios discussed may have hit bank valuations harder than underlying fundamentals indicate.
Solar cells for a solar energy panel

Evergreen Solar files for bankruptcy

U.S. solar company Evergreen Solar Inc filed for bankruptcy on Monday, its once cutting-edge technology falling victim to competition from cheaper Chinese rivals and to solar subsidy cuts in Europe.
EDITOR'S PICK