US Bancorp

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Top US Banks Hit By Middle East Hackers

Group claiming credit blames anti-Islam video

(Newser) - Customers of Wells Fargo, JPMorgan, Bank of America, and other institutions briefly lost access to their online accounts amid an attack by a Middle East-based hacker group—even after the group warned banks of the impending attack, the Los Angeles Times reports. Account information wasn't compromised, the banks say,... More »

Court Ruling Could Void Thousands of Foreclosures

Massachusetts supreme court rules against banks

(Newser) - A court ruling in Massachusetts today that went against the home lending industry has the potential to further foul up the foreclosure process across the nation. The state's highest court invalidated the foreclosures of two homes because the banks involved—Wells Fargo in one case and US Bancorp in the... More »

Big Banks Up Their Lending to Businesses

Moody's estimates 0.2% growth in fourth quarter

(Newser) - We may be on our way to clearing one hurdle on the path to economic recovery: We're seeing the first quarterly increase in commercial and industrial lending in two years, reports the Wall Street Journal , compliments of big banks like JPMorgan Chase and US Bancorp. Moody's Analytics estimates 0.2%... More »

Post-Bailout Economy Ruled by Washington

Companies bend to Fed's will—even when they don't have to

(Newser) - The rash of government bailouts in the last 16 months was aimed at averting financial meltdown, but its effects on American capitalism will last long after the last TARP funds are (if they are) paid back, the Wall Street Journal predicts. Obama adviser Larry Summers argues that the interventionist moves... More »

Banks to Sell Stock to Repay TARP

(Newser) - Hoping to take advantage of the up market, Capital One, US Bancorp, and a handful of other financial institutions are planning to sell a combined $7 billion worth of stock, the Wall Street Journal reports. Some of the resulting funds would be used to repay TARP money, getting the banks... More »

Big Banks Rally; Dow Up 119

Investors mull 'stress test' criteria

(Newser) - Stocks gained today on some positive earnings reports, but anxiety over the ramifications of government "stress tests" kept the lid on, the Wall Street Journal reports. The disclosure of the “stress test” methodology seemed to boost the biggest banks, like Bank of America, Wells Fargo, and US Bancorp,... More »

Dow Up 128 on Geithner Talk

Banks rally after comments by Treasury secretary, Bank CEOs

(Newser) - Stocks gained today on upbeat comments from Timothy Geithner and the CEOs of Citigroup and US Bancorp, the Wall Street Journal reports. Banks rallied after the Treasury secretary said that the “vast majority” have sufficient capital. The Dow closed up 127.83 at 7,969.56. The Nasdaq rose... More »

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