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Tag: U.S. Bank


News

Fortune names U.S. Bank One of the 2024 World’s Most Admired Companies

February 15, 2024

Via: Yahoo

Fortune magazine again recognized U.S. Bank as one of the 2024 World’s Most Admired Companies, naming it No. 1 in the Superregional Banks category for the 14th consecutive year. Within the Superregional Banks industry category, U.S. Bank topped the list […]


News

U.S. Bank Awards First-Ever Boundless Potential Award to Two Small Businesses

January 4, 2024

Via: Yahoo

U.S. Bank recently honored two small business clients for their extraordinary commitment to their communities with the bank’s first-ever Boundless Potential award. Taqueria Durango, a Mexican restaurant in St. Louis, and Interfaith Dental, a nonprofit dental clinic in Nashville, were […]


Regulations

U.S. Bank fined $36M over freezes of COVID-era unemployment benefits

December 20, 2023

Via: Banking Dive

U.S. Bank will pay nearly $36 million in connection with customers’ inability to access unemployment benefits during the COVID-19 pandemic, two regulators said Tuesday, announcing separate penalties. The Consumer Financial Protection Bureau ordered the Minneapolis-based lender to pay $20.7 million […]


News

For 17th Year, U.S. Bank Scores 100 on the HRC Corporate Equality Index

December 11, 2023

Via: Yahoo

For the 17th consecutive year, U.S. Bank has received a score of 100 on the Human Rights Campaign Foundation’s 2023 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace […]


News

U.S. Bank No. 3 on Military Times Ranking of Best Employers for Veterans

November 10, 2023

Via: Yahoo

The Military Times named U.S. Bank number No. 3 on its annual Best for Vets: Employers list, which rates the best employers for veterans in the United States. U.S. Bank has appeared on the list each year since the Military […]


Regulations

U.S. Bank, KeyBank may be next on the WhatsApp hit list

November 6, 2023

Via: Banking Dive

U.S. Bank and KeyBank could be among the next round of financial institutions to be hit with penalties from regulators’ ongoing probes into employees’ use of WhatsApp and other messaging platforms to conduct official business, according to the banks’ most […]


Capital and Risk, Macroeconomic

U.S. Bank Freight Payment Index: Truck freight spending, volume drop for fifth consecutive quarter

November 1, 2023

Via: Yahoo

During the third quarter, the amount spent to ship goods via truck freight was down 12.5% compared to a year prior while the volume of shipments was off 9.7%, according to the U.S. Bank Freight Payment Index. Spending fell 4.2% […]


Capital and Risk, Credit

U.S. Bank claims spot in the BNPL space

October 26, 2023

Via: Banking Dive

U.S. Bank stepped into the buy now, pay later space Tuesday with the launch of Avvance, a new point-of-sale lending product. Similar to other BNPL checkout experiences, an Avvance button will now pop up at checkout on the websites of […]


Capital and Risk, Credit

U.S. Bank Receives $55 Million in New Markets Tax Credit Allocation

September 29, 2023

Via: Yahoo

U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank, and its community development entity (CDE) – USBCDE, LLC – received $55 million of New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury. The allocation is part of […]


Activity, Channels, Corporate Banking

U.S. Bank Unveils Connected Partnership Network

September 21, 2023

Via: Yahoo

U.S. Bank today unveiled an online marketplace of third-party payment and treasury solutions that are fully integrated with U.S. Bank systems. The U.S. Bank Connected Partnership Network helps corporate treasury teams easily identify and adopt technology connected with the bank, […]


Activity, Corporate Banking

U.S. Bank Launches New Initiative to Serve Small-to-Midsize Healthcare Practices and Practice Owners

September 14, 2023

Via: Yahoo

U.S. Bank today announced a new cross-business initiative to serve healthcare practices with up to $25 million in annual revenue. Newly appointed Head of Healthcare Business Banking Joe Persichetti will lead this effort, working with teams across banking, payments, and […]


Activity, Investment Banking

U.S. Bank Helps Double Affordable Housing in One Bay Area Development

August 8, 2023

Via: Yahoo

At Light Tree, in addition to renovating existing apartments and building additional units, residents now have many new amenities to enjoy including community gardens, a basketball court, play structure and a pool. In 1966, Light Tree Apartments opened in the […]


News

U.S. Bank Freight Payment Index: Shipments, Spending Drop by Sharpest Amount Since Beginning of Pandemic

August 1, 2023

Via: Yahoo

Truck freight volume and spending in the second quarter of 2023 declined by the highest levels since the early days of the pandemic, the latest U.S. Bank Freight Payment Index revealed. Spending by shippers dropped 10.9% compared to the second […]


Activity, Investment Banking

Gen Z Seeking Investments that Align with their Values, but Unsure How to Begin Investing, U.S. Bank Survey Finds

August 1, 2023

Via: Yahoo

Over the last few years, inflation, rising interest rates and high costs for just about everything have impacted nearly everyone – but for Gen Z, the economic environment has had a profound impact, a new U.S. Bank survey found. Members […]


Capital and Risk, Credit

U.S. Bank Launches Access Home Loan Mortgage to Remove Barriers to Homeownership

July 12, 2023

Via: Yahoo

U.S. Bank is expanding access to homeownership with the launch of U.S. Bank Access Home Loan, a mortgage Special Purpose Credit Program (SPCP) that provides up to $12,500 in down payment assistance and up to an additional $5,000 lender credit. […]


Activity, Corporate Banking

U.S. Bank Unveils TravelBank-powered Commercial Rewards Card

June 27, 2023

Via: Yahoo

U.S. Bank today launched its first emerging middle market-focused commercial card solution, the U.S. Bank Commercial Rewards Card. Powered by TravelBank – the award-winning fintech U.S. Bancorp acquired in 2021 – the new all-in-one card, expense and travel management solution […]


Capital and Risk, Credit

U.S. Bank Increases Prime Lending Rate to 8.25 Percent

May 4, 2023

Via: Yahoo

U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 8.25 percent from 8.00 percent, at all U.S. Bank locations. The reference rate at all Union Bank locations will also increase to 8.25 percent from 8.00 percent. […]


Activity, Corporate Banking

U.S. Bank Announces Partnership With Meta Prosper

May 2, 2023

Via: Yahoo

U.S. Bank announced it is teaming up with Meta Prosper, Meta’s Asian Pacific Islander community support program, to provide financial literacy resources and programming to support Asian small businesses during Asian American Native Hawaiian Pacific Islander (AANHPI) Heritage Month and […]


Activity, Corporate Banking

U.S. Bank expands lending opportunities for women-, minority-, and veteran-owned businesses

April 28, 2023

Via: Yahoo

U.S. Bank is introducing a new Business Diversity Lending Program that will expand the ability of diverse business owners to obtain capital, building upon the bank’s broader efforts to support under-represented businesses and help address the wealth gap. Through the […]


News

U.S. Bank announces key leadership team changes

April 12, 2023

Via: Yahoo

U.S. Bank announced several changes to its executive leadership team today to succeed two leaders who are leaving the company this summer. “We are proud of our longstanding history of attracting, developing and supporting talented leaders who position us for […]