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US Bancorp
Latest Headlines
Latest Headlines
Massachusetts court decision on foreclosures portends disaster?
What to make of the Massachusetts high court decision that nullified foreclosures by Wells Fargo and U.S. Bancorp and returned the property to the owners, even though no one disputes that they were in default. Neither borrower contested the foreclosures.
The court basically said the banks, whi
More bank deals coming soon?
A lot of lending capacity has gone unused in the industry as of late, and that is creating ripe conditions for more bank mergers, according to Bloomberg BusinessWeek . Valuations are enticing right now, and the industry has moved past the nadir of the crisis. And that has some big regional bank
Regional banks key to industry recovery?
As the carnage in the banking industry continues ( banking industry news), the FDIC could sorely use some help in taking over failing banks. Private equity firms have stepped up to a degree, but they are not seen as a perfect fit. The big banks aren't likely to step into the community bank game
An all-new Citi board?
Citigroup ( C ) and Bank of America ( BAC ) have been re-working their boards in the wake of the financial crisis. Critics are urging more. At Citigroup, John Deutch, a longtime member of the board and a former a Central Intelligence Agency leader, will not seek re-election this year. He has t
Growth opportunity amid carnage
The banking crisis is proving to be an opportunity for some. Since the beginning of 2008, 89 banks have failed . You can bet a lot more will fail over the next year. For some banks, this is a terrific opportunity.
Fortune notes that six regional banks have bought at least two failed ban
Citi to shake up its board
Most people assume regulators are behind the really big moves at Citi--like last week's executive suite shake-up. Now comes news that the board is being tinkered with as well; which many will see as good news.
The Financial Times reports that Jerry Grundhofer, former chief of US Bancorp, i
Next steps in TARP repayment efforts
The deadline has come and gone, for regulators to approve the capital plans of the 10 banks that "failed" the stress tests. The next step is for the government to release a list of banks that have been approved to pay back their TARP funds. The media speculation has been heavy. It's not a stretch
Citigroup to make retail push?
The conventional wisdom continues to be that conservative, deposit-taking businesses are in vogue. For Citigroup, you have to wonder if the board will focus on building a truly national retail banking brand. All this makes sense--what else is there to build on? Unfortunately, according to recent a
Big banks to remake their boards?
One of the government's first moves when it assumed its influence at Citi was to make sure the company strengthened its board. It just proposed four independent directors: Jerry Grundhofer, retired CEO of U.S. Bancorp; Michael O'Neill, retired CEO of Bank of Hawaii; Anthony Santomero, former presi
Citi losing the PR war
The news cycle has been exceedingly tough on Citi. Portfolio 's pundit offers this: "I think it's time for Pandit to offer his resignation. The task facing Citigroup now is not to build a 'global universal bank'; it's to stay alive. And Pandit has given no indication he's up to that particu
