U.S. Bank

Wells Fargo buys $14B of delinquent mortgages tied to pandemic


The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.


Dear bankers: Don't return to your old, shareholder-first ways


Banks tend to pull back in times of crisis by tightening credit and focusing on collections efforts. But consumers, and not returns, must be the focus during the coronavirus pandemic.


As State Farm bows out, U.S. Bank seizes an expansion opportunity


State Farm struggled to make its bet on banking pay off and decided like other insurers to exit the business. U.S. Bancorp swooped in to add deposits and credit card accounts at little cost or risk.


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.


When open banking and data privacy collide


Banks are increasingly sharing data and must brace for new regulations protecting that data.


U.S. Bank launches bill-pay platform to support faster payments, chatbots


U.S. Bank wants to disrupt the way consumers pay their bills by offering billers a new platform fit for faster payment rails, new messaging formats and digital assistants.


U.S. Bank hires real-time payments expert Peter Gordon


U.S. Bank has hired payments veteran Peter Gordon to fill a new post as head of emerging payments product and strategy, tapping his years of experience developing real-time payments technology.


U.S. Bank joins banks investing in workforce assistance programs


The Minneapolis bank said it will provide $8.2 million in grants to nonprofits that arm potential workers with cutting-edge skills and promote small-business growth. Banks say the investments will help them and their commercial customers close the skills gap.


Facebook, fintech velocity, race for deposits: Digital Banking's big ideas


Facebook's plans to launch its Libra cryptocurrency dominated much of the discussion at American Banker's Digital Banking conference last week, but attendees also debated what big tech company might strike next and what future digital innovations are in store.


Will banks take 'self-driving' payroll for a spin?


On-demand wage delivery has caught on in other industries. Banks have taken notice.