US BANCORP (USB)

US9029733048 - Common Stock

44.805  +0.8 (+1.83%)

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4 hours ago - Yahoo Finance

Citi says 42% of energy clients lack climate transition plans

Almost half of the energy companies Citi lends to are lacking plans to cut greenhouse gas emissions, the fourth-largest U.S. bank said in a climate report released on Thursday. Citi ranked the energy companies in its loan portfolio from "low" to "strong" on the basis of their plans to reduce emissions across three categories, known as scopes. In 42% of cases, it found "absence of a substantive transition plan," and a lack of disclosure of Scope 3 emissions, which are released into the atmosphere from companies' supply chains and customers.

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a day ago - Yahoo Finance

A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

A British financial trader, who has been described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis, lost his appeal Wednesday to have his conviction quashed. Tom Hayes, 44, who was a former trader at U.S. bank Citigroup and Switzerland's UBS, was found guilty in 2015 of manipulating the so-called London Inter-Bank Offered Rate, or LIBOR, between 2006 and 2010. Palombo had denied acting dishonestly, but was jailed for four years in April 2019 after a retrial.

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3 days ago - Zacks Investment Research

U.S. Bancorp (USB) Stock Moves -0.09%: What You Should Know

In the closing of the recent trading day, U.S. Bancorp (USB) stood at $43.55, denoting a -0.09% change from the preceding trading day.

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6 days ago - Barron's

U.S. Bank Takes Lead in Satisfaction Among Advisor Clients; Schwab’s Ranking Falls

Last year Schwab ranked No. 1 in J.D. Power’s annual survey of investors who use a full-service financial advisor.

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7 days ago - Yahoo Finance

UPDATE 2-US regulator proposes extra scrutiny of bank mergers above $100 bln

Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to a policy statement the top bank regulator proposed on Thursday. The FDIC's board of directors voted 3-2 to issue the proposal, which would update the agency's merger guidance for the first time in 16 years. The new guidance puts special emphasis on maintaining the stability of the banking sector, agency officials said in advance of the vote.

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7 days ago - Yahoo Finance

UPDATE 1-US FDIC draft proposal: bank mergers above $100 bln get extra scrutiny

Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday. The FDIC's board of directors is poised to vote on the proposal on Thursday. Bank mergers and industry consolidation have come under intense scrutiny since last year, when three of the largest-ever U.S. bank failures resulted in mergers.

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7 days ago - Yahoo Finance

US FDIC draft proposal: bank mergers above $100 bln get extra scrutiny

Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday. The FDIC's board of directors is poised to vote on the proposal on Thursday. The bank merger reviews and industry consolidation have come under intense scrutiny since last year, when three of the largest-ever U.S. bank failures resulted in mergers.

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7 days ago - Yahoo Finance

Top US bank overseer to unveil merger policy proposal

The FDIC's board of directors, comprising Democratic and Republican officials, is due to convene at 10 a.m. ET (1400 GMT) to discuss the proposal, details of which have not yet been published. A separate bank oversight agency, the U.S. Office of the Comptroller of the Currency, in January proposed new guidance on merger reviews it would said would make the process more transparent. After three of the largest-ever U.S. bank failures last year, lawmakers from both major parties have lambasted the FDIC's handling of subsequent mergers.

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9 days ago - Yahoo Finance

Citigroup has sold most non-US consumer businesses as revamp progresses

The U.S. bank also said its Mexican consumer business was on track for a planned initial public offering in 2025, and that the lender had restarted the sale process for its Polish consumer business, a regulatory filing showed on Tuesday. The bank's sweeping reorganization will be completed by the end of March, CEO Jane Fraser told investors at a conference in New York earlier this month.

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9 days ago - Yahoo Finance

UPDATE 1-Citigroup has sold most non-US consumer businesses as revamp progresses

Citigroup has sold its non-U.S. consumer businesses in nine out of 14 regions and "substantially wound down" three more, as the lender undergoes its biggest overhaul in more than two decades to simplify its business and boost profitability. The U.S. bank also said its Mexican consumer business was on track for a planned initial public offering in 2025, and that the lender had restarted the sale process for its Polish consumer business, a regulatory filing showed on Tuesday.

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9 days ago - Bloomberg

JPMorgan Boosts Quarterly Dividend 9.5% After Record Profit

JPMorgan Chase & Co. lifted its dividend 9.5% to $1.15 a share after reporting a record profit last year.

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9 days ago - Yahoo Finance

US CFTC hits US Bank, Oppenheimer with fines over record keeping failures

U.S. Bank will pay $6 million to settle the charges that it violated CFTC record keeping requirements for swap dealers and Oppenheimer & Co will pay $1 million for violations of similar requirements for introducing brokers, the CFTC said in a statement. U.S. Bank and Oppenheimer are the latest of dozens to be hit with penalties from the CFTC and the Securities and Exchange Commission for employees' widespread use of personal devices and apps such as WhatsApp for work communications.

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9 days ago - Yahoo Finance

UPDATE 1-US CFTC hits US Bank, Oppenheimer with fines over record keeping failures

U.S. Bank NA and Oppenheimer & Co have agreed to pay fines to settle charges from the U.S. Commodity Futures Trading Commision over use of unapproved communications channels, the regulator said on Tuesday. U.S. Bank will pay $6 million to settle the charges that it violated CFTC record keeping requirements for swap dealers and Oppenheimer & Co will pay $1 million for violations of similar requirements for introducing brokers, the CFTC said in a statement.

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9 days ago - Bloomberg

JPMorgan Appoints Heads of New Sports Investment Banking Group

JPMorgan Chase & Co. has set up a dedicated sports investment banking team as Wall Street banks battle for fees in an increasingly competitive corner of the mergers and acquisitions market.

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9 days ago - InvestorPlace

3 Regional Bank Stocks Ready to Rebound and Reward Bold Investors

Despite recent pullbacks in regional bank stocks, only 3 institutions experienced any trouble, meaning there is plenty of upside potential.

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13 days ago - Yahoo Finance

Analysis-A year on from Credit Suisse's rescue, banks remain vulnerable

A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders' vulnerabilities - including in Switzerland, where the bank's takeover by rival UBS created a behemoth. The Swiss government-sponsored rescue of Credit Suisse and U.S. bank salvages in March 2023 doused the immediate fires kindled by a run at little-known U.S. regional lender Silicon Valley Bank. A top global financial watchdog recently warned Switzerland must strengthen its banking controls, highlighting the risk that a failure of UBS - now one of the world's biggest banks - would pose to the financial system.

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13 days ago - Bloomberg

Hot Bank Trade for 2024 Risks Getting Caught in Basel Backlash

It was supposed to be 2024’s hot credit trade for banks and money managers. Now US rulemakers are pouring cold water on it.

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14 days ago - Yahoo Finance

PRESS DIGEST- New York Times business news - March 15

Sports Illustrated's employees were told that the magazine would cease publishing its print edition after its May issue. - The U.S. Department of Energy plans to lend Lithium Americas up to $2.26 billion to build Nevada's Thacker Pass lithium project, one of Washington's largest investments to date in the mining industry as part of a push to boost domestic production of critical minerals for the energy transition.

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14 days ago - Yahoo Finance

UPDATE 1-JPMorgan fined nearly $350 million for inadequate trade reporting

JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced on Thursday. The Fed fined the bank alongside the Office of the Comptroller of the Currency (OCC), and said the misconduct occurred between 2014 and 2023. JPMorgan disclosed in February that it expected to pay roughly $350 million in civil penalties for reporting incomplete trading data to surveillance platforms.

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14 days ago - Yahoo Finance

JPMorgan to pay nearly $350 million in penalties for inadequate trade reporting

JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced Thursday. The Fed fined the bank alongside the Office of the Comptroller of the Currency, and said the misconduct occurred between 2014 and 2023. JPMorgan disclosed in February that it expected to pay roughly $350 million in civil penalties for reporting incomplete trading data to surveillance platforms.

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14 days ago - CNBC

Thursday's analyst calls: Tesla price target cut, Citigroup gets an upgrade

A major electric vehicle maker and a major U.S. bank were in focus Thursday among the biggest analyst calls.

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15 days ago - PRLog

Upcoming Webinar: Roundtable Discussion of the 2024 Global Internal Audit Standards Updates

Registration for the webinar is now open. Interested participants can secure their place here. Learn more about K2 Integrity's Internal Audit practice.March 13, 2024 - PRLog -- K2 Integrity, the leading risk and financial crimes advisory firm, today announced an upcoming webinar aimed at assisting organizations in navigating the latest updates to theInstitute of Internal Auditors (IIA) Global Internal Audit Standards. As organizations brace for the changes set to take effect on 9 January 2025, K2 Integrity is moving quickly to provide valuable insights and guidance.The webinar, scheduled for Wednesday, 20 March 2024, from 12:30 pm to 1:30 pm ET, will feature a distinguished panel of experts delving into the significant changes introduced in the 2024 IIA Global Internal Audit Standards, and sharing strategies for successful implementation.Joining the discussion will be David Hyman, Senior Vice President and Senior Audit Director at US Bank and Raakhee Jagwani, Director – Interim Head of Quality Assurance and Methodology at Mizuho Bank.Moderating the session will be Yelena Talmazan, Managing Director – Financial Services, Internal Audit, and Risk Advisory Practice at K2 Integrity.During the one-hour session, participants will gain valuable insights into: