U.S. Bancorp (USB)

U.S. Bank Avvance, a real-time, point-of-sale lending solution, has been selected by Magwitch, a Jacksonville, Fla-based fintech, to provide Point-of-Sale Lending through merchants using Magwitch’s lending-as-a-service platform.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Felicia La Forgia and Sekou Kaalund will become the newest members of its Managing Committee, a group of top executives who oversee the organization’s revenue lines, enabling functions and independent risk teams.

U.S. Bancorp (NYSEUSB) announced today that President Gunjan Kedia will become the company’s chief executive officer at the conclusion of the organization’s annual meeting of shareholders on April 15. Kedia also was elected to the company’s Board of Directors. Current Chairman and CEO Andy Cecere will serve as executive chairman, continuing to lead the Board of Directors and supporting Kedia as she assumes her new role.

U.S. Bank has named international banking leader Tarek El-Yafi as head of U.S. Bank Global Transaction Services, a new group created to help meet the growing international banking and payment needs of clients.

Trusted advisor and expert on financial crime prevention will help lead firm's work with investment advisors on regulatory complianceNEW YORK - Oct. 16, 2024 - PRLog -- K2 Integrity announced today that it has appointed Justina Rousseau as a Senior Managing Director in its Financial Crimes Risk Management Advisory practice, with a focus on supporting the investment management industry.Ms. Rousseau brings more than two decades of experience building programs designed to detect and prevent financial crime risk. At K2 Integrity, her focus will be on building and executing service offerings to help investment advisors, including in achieving compliance with the new requirements issued in 2024 by the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN).FinCEN's new rules are a landmark compliance requirement for the investment advisory industry. Put in place to combat illicit finance and strengthen U.S. national security, the new requirements apply anti-money laundering/countering the financing of terrorism (AML/CFT) requirements to certain investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC), as well as those that report to the SEC as exempt reporting advisers.Although the rules will bring investment advisors in line with other financial services providers, implementing them will require time, diligence, and significant investments for firms that previously did have such compliance programs in place."Assessing, understanding, and implementing new anti-money laundering and countering the financing of terrorism (AML/CFT) regulations is complicated and time-intensive regardless of the size of the institution. With the new FinCEN regulation, investment advisors will be required to implement the same requirements as banks, which for some will be a fundamental new way of assessing and managing risk," said Sarah Runge, Executive Managing Director of K2 Integrity."Justina is exactly the right expert to partner with our clients implementing new compliance programs, both those issued by FinCEN as well as those required by other regulatory bodies. We welcome her to K2 Integrity knowing our clients have just gained an invaluable resource."Ms. Rousseau joins K2 Integrity from Promontory Financial Group, where she held senior leadership positions as Deputy Head of Americas and Head of the Americas Financial Crimes Risk Management Advisory Practice Group. In those roles, she worked with large financial services institutions focusing on regulatory compliance, financial crime prevention, and risk management, giving her a deep understanding of the challenges facing internal regulatory compliance teams and the support they require from outside advisors.Prior to consulting, she served in various roles developing and refining financial crimes programs in all three lines of defense. At Wells Fargo & Company, she served in several senior audit and first line risk financial crime risk management roles, and rose to serve as Executive Vice President and Head of First Line Financial Crimes Risk Management for Commercial/Middle Market Banking. Ms. Rousseau began her career as a Compliance Manager and an AML investigations unit leader for U.S. Bancorp."Financial institutions of all sizes recognize that preventing financial crime isn't just a legal requirement; it's imperative to protect their brand, their customers, and their communities. Banks, investment advisors, and asset managers recognize that new rules and regulations require that they partner with outside experts who have a track record of building, managing, and refining complex compliance programs," remarked Ms. Rousseau."I'm incredibly excited to join the Financial Crimes Risk Management Advisory team at K2 Integrity, which has established itself as the go-to trusted resource for businesses managing new and evolving regulations. I look forward to working with current and future clients and serving as their first, second, and third line of defense from regulatory, reputational, and business risks."Ms. Rousseau, a native of Minnesota, graduated summa cum laude from the College of Saint Scholastica. She is a Certified BSA/AML/OFAC Compliance professional and a Certified Anti-Money Laundering Specialist (CAMS).About K2 IntegrityK2 Integrity is a global leader in risk management, compliance, investigations, and monitoring, combining the expertise of industry pioneers with interdisciplinary teams and advanced technology to protect our clients' operations, reputation, and financial security.K2 Integrity is dedicated to ensuring, strengthening, and validating financial and commercial integrity and security. We understand that critical moments define an organization's success. We strive to build financial and institutional integrity, reduce risk, and uncover truth. Our commitment to superior intelligence, expert analysis, and insightful solutions helps our clients navigate complexity and achieve better outcomes.Photos: (Click photo to enlarge) Source: K2 IntegrityRead Full Story - K2 Integrity Appoints Justina Rousseau Senior Managing Director for Financial Crimes Risk Management Advisory Practice | More news from this sourcePress release distribution by PRLog

U.S. Bank has launched a new Smartly™ Visa Signature® Card advertising campaign featuring NFL Hall of Fame quarterback Peyton Manning. In it, Manning’s new hobby is fully realized with help from the Smartly card – a credit card with no annual fee that offers cash back on every purchase, with no spending caps, when paired with a U.S. Bank Smartly® Savings account.

U.S. Bancorp reported its fourth quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bancorp (NYSEUSB) announced today that Courtney Kelso will be joining the company as senior executive vice president and head of Payments: Consumer and Small Business (PCS) effective Feb. 3. In this Managing Committee role, Kelso will be responsible for personal and small business debit and credit cards, Elan, cobrand, and all related functions including business line risk and credit/collections. She will report to company President Gunjan Kedia and be based in New York.

U.S. Bancorp (NYSEUSB) will release its fourth quarter 2024 earnings results before the market opens on Thursday, January 16, 2025. At 8 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

iQSTEL, Inc. (Symbol: IQST ) is a US-based multinational company in the final stages of the path to becoming listed on Nasdaq. With FY2023 revenues of $144 million and a forecasted $290 million in revenue, alongside positive operating income of seven digits for FY-2024 for their operating subsidiaries, the Company is positioning itself for explosive growth. The iQSTEL, Inc. mission is to serve basic human needs in today's modern world by making essential tools accessible, regardless of race, ethnicity, religion, socioeconomic status, or identity. iQSTEL recognizes that modern human needs such as physiological, safety, relationship, esteem, and self-actualization are marginalized without access to ubiquitous communications, financial freedom, clean, affordable mobility, and information.

U.S. Bancorp (NYSEUSB) announced it has decreased its prime lending rate to 7.50 percent from 7.75 percent, effective tomorrow, December 19, 2024, at all U.S. Bank locations.

The Board of Directors of U.S. Bancorp (NYSEUSB) has declared a regular quarterly dividend of $0.50 per common share, payable January 15, 2025, to stockholders of record at the close of business on December 31, 2024. At this quarterly dividend rate, the annual dividend is equivalent to $2.00 per common share.

U.S. Bancorp (NYSEUSB) announced today that Chairman and CEO Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Goldman Sachs Financial Services Conference.

U.S. Bank announced Kristy Carstensen as the new leader of its Global Treasury Management business. In this position, Carstensen heads the unit that provides comprehensive treasury management and payment solutions to the bank’s business, government and institutional clients. In addition to Global Treasury Management, Carstensen will also oversee the bank’s prepaid card organization.

U.S. Bank has unveiled a new travel booking platform for U.S. Bank credit cardholders to reserve hotels, flights and rental cars. The U.S. Bank Travel Center with Booking.com, powered by Rocket Travel by Agoda, elevates travel planning and booking experiences through Rocket Travel by Agoda’s advanced booking technology and global online travel planning expertise and support.

U.S. Bancorp (NYSEUSB) will host conference calls to review quarterly financial results on the following dates:

U.S. Bancorp (NYSEUSB) announced it has decreased its prime lending rate to 7.75 percent from 8.00 percent, effective tomorrow, November 8, 2024, at all U.S. Bank locations.

U.S. Bancorp (NYSEUSB) announced today that Senior Executive Vice President and Chief Financial Officer John Stern and Senior Executive Vice President and Head of Wealth, Corporate, Commercial and Institutional Banking Stephen Philipson will present at the BancAnalysts Association of Boston Conference.

Truck freight shipments and spending continued to contract in the third quarter, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index. Shipments were down 1.9% compared to the previous quarter while spending dropped 1.4%. This was the ninth consecutive quarterly decrease in volume, but the smallest drop in more than a year.

U.S. Bancorp (NYSEUSB), parent company of U.S. Bank, announced today that Chief Financial Officer John Stern now will report directly to Chairman and CEO Andy Cecere, and shared a new leadership structure for its payments and money movement businesses under President Gunjan Kedia.

U.S. Bancorp reported its third quarter 2024 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.

U.S. Bancorp (NYSEUSB) will release its third quarter 2024 earnings results before the market opens on Wednesday, October 16, 2024. At 7 a.m. CT, Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone.

Parents today are talking with their children about topics like investing in stocks and bonds and choosing career paths that align with their child’s financial goals – discussions many didn’t have with their own parents growing up, a new survey from U.S. Bank found. In addition, nearly 1 in 4 of all parents and more than half of Gen X parents worry their children will be financially dependent on them well into adulthood.

American Banker has recognized two U.S. Bank leaders for its 2024 Most Powerful Women in Banking awards, naming President Gunjan Kedia and Vice Chair and Chief Risk Officer Jodi Richard among individual honorees.

U.S. Bancorp (NYSEUSB) announced it has decreased its prime lending rate to 8.00 percent from 8.50 percent, effective tomorrow, September 19, 2024, at all U.S. Bank locations.