US Bancorp announces leadership transition, Gunjan Kedia named new CEO
President Gunjan Kedia moves to CEO, with Andy Cecere to continue as executive chairman.
US Bancorp
US Bancorp gets US regulatory approval for MUFG Union Bank acquisition
The firm has received approval from the Federal Reserve and the Office of the Comptroller of the Currency (OCC).
US Bancorp to buy expense and travel management partner TravelBank
The deal is expected to close before the end of the year.
US Bank plans thousands of job cuts in staff restructure
Bank is blaming changing customer behaviour for the need to downsize.
US Bancorp hit with $613m fine for AML fails
Anti-money laundering activities not noticed due to a lack of staff and resources.
More banks to opt out of R3 blockchain consortium
US Bancorp, Macquarie and JP Morgan are understood to be in the “leave” camp as they have opted out of the upcoming fundraising effort of the R3 blockchain consortium.
