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• Bair Calls U.S. Bank Bailout "not a Good Thing"

  Reuters - 2009-11-13

  WASHINGTON (Reuters) - Leading U.S. bank regulator Sheila Bair said on Friday that the government's capital injections into the largest banks was "probably not a good thing."Bair, the chairman of the Federal Deposit Insurance Corp, said the billions of dollars of capital infusions last year had a terrible impact on...

  Tags: Bank, Financial, U.S. Bank, Bailout, Financial Services, Finance, Bank of America Corp., Citigroup Inc.

• U.S. Regulators Close Gateway Bank, Prosperan Bank

  BNET - 2009-11-07

  WASHINGTON (Reuters) - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year. The Federal Deposit Insurance Corp said Gateway Bank of St Louis had $27.7 million in assets and...

  Tags: Thomson Reuters Corp., FDIC, Regulator, Asset, U.S. Bank, Missouri

• U.S. Bank Chargeoff Rate Exceeds Depression: Moody's

  Reuters - 2009-10-26

  NEW YORK (Reuters) - The rate of loan charge-offs by major U.S. banks has exceeded those seen in the early years of the Great Depression as the credit crisis continues to take a toll, Moody's Investors Service said on Monday.Bank charge-offs -- loans written off as uncollectable -- have reached...

  Tags: Bank, U.S. Bank, Moody's Corp., Financial Services, Chargeoffs, Moodys, Us

• Judge Will Not Sign Off on BofA, SEC Bonus Pact

  BNET - 2009-08-10

  By Jonathan Stempel NEW YORK (Reuters) - A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp BAC over the payment of bonuses to Merrill Lynch & Co employees, saying he was unable to determine if it was fair...

  Tags: Settlement, SEC, Bonus, Merrill Lynch & Co. Inc., Bank of America Corp.

• GM's financing arm starts new leasing

  BNET - 2009-08-10

  GMAC Financial Services today announced it will begin offering new leasing programs for select General Motors vehicles in 45 states. GM and other automakers began curtailing lease programs last summer as the global credit market contracted, a move that hurt new vehicles but was necessary as automakers tried to stem...

  Tags: vehicle, Chevrolet, General Motors Corp., leasing

• U.S. Bank First to Feature Visa payWave on Unembossed Instant Issue Debit Cards

  - 2009-08-03

  SALT LAKE CITY & DENVER -- U.S. Bank is the first card issuer in the United States to add Visa® payWave® technology to an unembossed debit card that is ...

  Tags: U.S. Bank

• Visa and U.S. Bank Launch Syncada â?? a Global Financial Supply Chain Network

  - 2009-07-29

  SAN FRANCISCO & MINNEAPOLIS -- Visa Inc. (NYSE: V) and U.S. Bank, the lead bank of U.S. Bancorp (NYSE: USB), today announced the creation of Syncada â?? a joint venture that ...

  Tags: U.S. Bank

• FAF Advisors, Inc., Declares August Distributions for Closed-End Funds

  - 2009-07-24

  MINNEAPOLIS -- FAF Advisors today declares August distributions for the following funds. The distributions will be allocated on a per-share basis on the common stock. The distributions have an...

  Tags: U.S. Bank

• Woods is new chair of bankers association

  - 2009-07-20

  Sheldon Woods, president and CEO of Pitney Bowes Bank, has been elected chairman of the Utah Bankers Association, while Matt Packard, president & CEO of Central Bank, was elected vice chairman and Damon Miller, president of U.S. Bank, was elected second vice chairman. At Pitney Bowes Bank, Woods is responsible...

  Tags: U.S. Bank

• Chalmers, Klauk tied after first round of U.S. Bank

  - 2009-07-17

  MILWAUKEE -- Greg Chalmers had success with his new putting grip and Jeff Klauk only needed nine putts in his first nine holes for each to shoot 6-under 64s during a blustery first round of the U.S. Bank Championship on Thursday. Chalmers started his day...

  Tags: U.S. Bank