U.S. Bancorp

Demand for small-dollar loans is likely to spike. Will banks be ready?


Banks typically don't offer loans to cash-strapped consumers, and are poorly positioned to start doing so on an emergency basis — unless the government steps in to help.


Santander acquiring Elavon’s Mexican operation


Banco Santander’s global digital transformation has led it to Mexico, where the bank has agreed to acquire U.S. Bancorp’s Elavon Mexico merchant acquiring unit for about $84 million.


Suddenly, expenses rising faster than revenue at regional banks


Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth.


U.S. Bancorp counting on fee businesses to drive growth in 2020


A tough fourth quarter seemed to foreshadow challenges in the year ahead for the nation’s fifth-largest bank.


U.S. Bank, JPMorgan freed from BSA enforcement actions


The regulatory action from the Federal Reserve was one of two U.S. Bank received for its dealings with a payday lender who was later convicted of fraud.


Zions is latest regional to announce layoffs


Huntington Bancshares and U.S. Bancorp also said in recent days that they are eliminating jobs to reduce overhead and improve profits. With net interest margins shrinking and branch traffic continuing to decline, expect more banks to follow suit, analysts say.


U.S. Bank to cut thousands of branch workers in digital push


U.S. Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision.


U.S. Bancorp’s mortgage growth a good sign for banking


The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy.


Mortgages boost U.S. Bancorp in 3Q


The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.


U.S. Bank embraces open banking with data-sharing agreements


The bank has developed APIs to feed customer data directly to seven fintechs and data aggregators, including MX and Finicity.