U.S. Bancorp
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.240x180.jpg?v=1371228862 "Millennials Look for Easy Credit")
While 92 percent currently use a bank, nearly half of adults under age 34 say they use prepaid cards, check cashing, pawn shops and payday loans, a new survey says.
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MINNEAPOLIS-- U.S. Bancorp is lifting its dividend 3.5 cents, to 23 cents, after receiving approval from the Federal Reserve. The Fed cleared the 18 percent dividend increase and the Minneapolis- based bank's plan to buy back $2.25 billion of its own stock in March after the lender passed a "stress test" to measure how it would fare in a recession.
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Citigroup Inc. rose$. 28 or. 6 percent, to $49.64. Goldman Sachs fell$. 34 or. 2 percent, to $163.77. JPMorgan Chase fell$. 03 or. 1 percent, to $53.82.
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Bank of America Corp. rose$. 16 or 1.2 percent, to $13.23. Citigroup Inc. rose$. 94 or 1.9 percent, to $50.16. Goldman Sachs rose $1.87 or 1.1 percent, to $164.79.
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Bank of America Corp. fell$. 13 or. 9 percent, to $13.09. Citigroup Inc. fell$. 83 or 1.7 percent, to $49.46. Goldman Sachs fell $2.15 or 1.3 percent, to $163.67.
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Bank of America Corp. rose$. 03 or. 2 percent, to $13.09. Citigroup Inc. rose$. 28 or. 6 percent, to $49.72. Goldman Sachs rose$. 81 or. 5 percent, to $162.67.
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Bank of America Corp. fell$. 05 or. 4 percent, to $13.07. Citigroup Inc. fell$. 60 or 1.2 percent, to $49.36. Goldman Sachs fell$. 67 or. 4 percent, to $162.64.
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June 10- When Nationstar Mortgage Holdings Inc tried to buy the rights to collect payments on $122 billion of mortgage loans earlier this year, housing finance giants Fannie Mae and Freddie Mac were not happy. Fannie and Freddie shared their concerns with Nationstar and the seller of the mortgages, lender Ally Financial, the sources said.
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Bank of America Corp. fell$. 01 or. 1 percent, to $13.19. Citigroup Inc. rose$. 25 or. 5 percent, to $51.08. Goldman Sachs rose $2.41 or 1.5 percent, to $162.09.
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Bank of America Corp. rose$. 12 or. 9 percent, to $13.21. Citigroup Inc. rose$. 37 or. 7 percent, to $50.40. US Bank rose$. 20 or. 6 percent, to $35.21.
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The median pay for bank CEOs jumped 22 percent in 2012, according to a report by SNL Financial released first to The Associated Press. John Stumpf of Wells Fargo was the industry's best-paid CEO, according to calculations by SNL, a business and financial analysis firm.
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NEW YORK/ CHICAGO, June 5- U.S. regulators sued U.S. Bancorp on Wednesday, alleging it knowingly allowed the head of a failed Iowa brokerage, dubbed' the Midwest Madoff,' to use customer money held at the bank to help fund a lavish lifestyle.
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Bank of America Corp. fell$. 27 or 2.0 percent, to $13.08. Citigroup Inc. fell $1.12 or 2.2 percent, to $50.11. Goldman Sachs fell $3.46 or 2.1 percent, to $158.22.
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WASHINGTON, June 5- The top U.S. derivatives regulator on Wednesday sued a unit of U.S. Bancorp over unlawfully using customer funds from Peregrine Financial Group, the futures brokerage that collapsed in July 2012. "This lawsuit is without merit and represents an inappropriate attempt to reassign blame to U.S. Bank," U.S. Bank spokesman Tom Joyce said. "
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WASHINGTON, June 5- The Commodity Futures Trading sued U.S. Bancorp's U.S. Bank N.A., accusing it of unlawfully holding customer funds from Peregrine Financial Group, the futures brokerage that collapsed in July 2012.
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SAN FRANCISCO, May 10- Peregrine Financial Group's bankruptcy estate may have "viable" claims against JPMorgan Chase& Co and U.S. Bancorp for harm done to clients of the now-failed brokerage, and may pursue them in court, Peregrine's trustee said in a filing this week.
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A big earnings upside from rising home prices would put Citi in line with healthier mortgage banks. TheStreet.com reports.
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WASHINGTON, April 24- The U.S. consumer watchdog said high-cost, short-term loans often trap borrowers in a cycle of debt, warning in a report on Wednesday that new rules could be on the way for payday lenders and banks making similar loans.
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WASHINGTON, April 24- The U.S. consumer watchdog said high-cost, short-term loans often trap borrowers in a cycle of debt, warning in a report on Wednesday that new rules could be on the way for payday lenders and banks making similar loans.
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If you're new to the market, chances are you never think of this when you buy a stock.
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The Boston Marathon bomb attacks had a fleeting impact on markets, but that could change, depending on what investigators uncover.
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