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 billion to $16.4 billion, down from earlier projection of at least $16.6 billion for the...
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...
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 approval is conditioned upon U.S. Bank having a plan to sell business lines and portfolios...
The hearing is titled: “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” And the appearance of and testimony by executives from the seven largest banks in the country on Wednesday (Sept. 21) before the U.S. House Committee on Financial Services will touch on...
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...
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 billion to $16.4 billion, down from earlier projection of at least $16.6 billion for the year. The bank’s NII for the quarter came to $3.9 […]
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...
October 14, 2021
U.S. Bancorp executives said the company’s business customers may welcome more payments services — a line of offerings that already is the source of a quarter of the bank’s revenue,...
