Richard Davis News
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U.S. Bancorp, the nation’s largest regional lender, fell the most in the KBW Bank Index after reporting first-quarter revenue that missed analysts’ estimates.
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U.S. Bancorp’s Richard Davis likes to rev up investors by telling them his bank is boring.
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U.S. Bancorp, the nation’s largest regional bank, agreed to buy Deutsche Bank AG’s municipal bond trustee business. Terms weren’t disclosed.
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Kelly King, chief executive officer of BB&T Corp., said lending has slowed at North Carolina’s second-largest bank due to seasonal sluggishness and a “skittish” market.
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The Clearing House, the 159-year-old banking association and payments firm owned by commercial lenders, named U.S. Bancorp Chief Executive Officer Richard Davis the next chairman of its supervisory board.
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U.S. Bancorp Chief Executive Officer Richard Davis joined regional bankers urging regulators to craft rules that won’t unfairly constrain lenders who handled the financial crisis better than their Wall Street rivals.
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U.S. Bancorp , the fifth-biggest U.S. commercial bank by deposits, said third-quarter profit rose 51 percent, beating analysts’ estimates, as costs declined for delinquent loans.
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U.S. Bancorp, the nation’s largest regional lender, said fourth-quarter profit rose 5.2 percent, meeting analysts’ estimates, on lower loan-loss provisions.
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BlackRock Inc., the world’s biggest provider of exchange-traded funds, urged U.S. lawmakers to bar products that rely on derivatives from being marketed as ETFs, or exchange traded funds, to avoid confusion with their traditional counterparts.
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U.S. Bancorp Chief Executive Officer Richard Davis, who runs the fifth-largest U.S. lender by deposits, said consumers won’t lead an economic recovery for the first time “in our collective lifetimes.”
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