U.S. Bancorp

The top stories of 2018


The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more.


U.S. Bank, Citi freed from Obama-era enforcement orders


The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.


What the first change to lease accounting in decades means for banks


The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios.


U.S. Bancorp letting customers have a hand in product design


The regional bank is working with customers to help develop and launch new products, including a small-business credit card.


Recession worries? Trade war? Forget about 'em, bank CEOs say


Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019.


Quicken's new credit card lets users track spending in real time


The card is being launched in partnership with U.S. Bancorp, which will handle the underwriting and provide the credit.


Buffett raises bets on big banks, adds stakes in JPMorgan, PNC


Berkshire Hathaway plowed $13 billion into bank stocks in the third quarter that included new investments in JPMorgan and PNC and additional investments in Bank of America and Goldman Sachs.


Beware the tidy narrative about Operation Choke Point


Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced.


Wells execs sidelined, SIFI sequel, FDIC's innovation lab: Top stories of the week


Wells Fargo puts two top execs on leave as scandal's reach grows; regional banks freed from SIFI label lobbying regulators hard for more relief; FDIC to launch innovation office to help banks compete with fintechs; and more from this week's most-read stories.


U.S. Bancorp to shed more than 700 jobs


The Minneapolis company said in an email to American Banker that it would reduce its headcount by approximately 1%, or about 740 positions, across the company.