It’s a new year, and that means it’s a new quarter. One that could signal a new era of digital transformation for B2B payments. Across earnings calls and investor discussions, executives from major players in financial services and FinTech consistently pointed to a rising appetite...
U.S. Bancorp has chosen its new CEO from within its ranks. Gunjan Kedia, the Minneapolis-based lender’s president, will become its new chief executive following its April 15 shareholders meeting, U.S. Bancorp announced Wednesday (Jan. 29). Kedia has also been elected to the U.S. Bancorp board,...
U.S. Bancorp’s most recent quarter took note of changing dynamics in deposit activity, growth in card loans, and momentum in its payments-related business lines that should last through the current year, according to management commentary Thursday (Jan. 16). Earnings materials show credit card loans were...
U.S. Bancorp said in its latest earnings report that consumers are continuing to boost their credit card loans – and though charge-offs have increased, credit quality has remained strong. Credit card loans in the quarter were $28 billion, adding more than 9% year over year,...
February 13, 2023
With digital wallets now being used more after a years-long ramp-up, there’s a new battle brewing over which wallets consumers both know and trust with their payment credentials. Big Tech pulled ahead with Apple Pay and Google Pay installed and ready to use on smartphones essentially out of the box. But banks are no longer […]
December 13, 2021
Crises motivate people, companies, and even entire ecosystems to action. Shailesh Kotwal, vice chair of payment services at U.S. Bancorp (parent company of U.S. Bank), told Karen Webster smaller and...
January 29, 2025
U.S. Bancorp has chosen its new CEO from within its ranks. Gunjan Kedia, the Minneapolis-based lender’s president, will become its new chief executive following its April 15 shareholders meeting, U.S. Bancorp announced Wednesday (Jan. 29). Kedia has also been elected to the U.S. Bancorp board, with current CEO Andy Cecere serving as executive chairman. “One […]
April 17, 2024
U.S. Bancorp is forecasting a decline in net interest income for this year. In announcing its earnings Wednesday (April 17), the lender said it anticipates net interest income (NII) of $16.1...
October 14, 2022
The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller of the Currency (OCC). The...
September 19, 2022
The leaders of the country’s seven biggest commercial financial institutions will head to Washington, D.C., this week to face two Congressional hearings to review consumer protection and compliance issues, enforcement...
