When Brian T. Moynihan was asked at a November panel discussion who he worried would steal his customers, Bank of America Corp.’s chief executive officer looked to the man seated on his right.
Richard Davis, chief executive officer of U.S. Bancorp, the nation’s largest regional lender, said the size of his company is “perfect” and that it intends to be only in businesses where it can compete effectively.
U.S. Bancorp, the nation’s largest regional lender, reported fourth-quarter profit that beat analysts’ estimates as credit losses narrowed, cushioning a decline in revenue.
U.S. Bancorp, the nation’s fifth- largest lender by deposits, said it is pouncing on the opportunity to expand mortgage operations after the retreat of rivals including Bank of America Corp.
U.S. Bancorp , the fifth-biggest U.S. commercial bank by deposits, posted a 62 percent increase in fourth-quarter profit on lower credit costs.
U.S. Bancorp, the nation’s biggest regional lender, said third-quarter net income was little changed as revenue fell and the bank set aside less for bad loans.
"I do not bring people on until I'm sure that I can keep them all."
- Richard Davis on Nov 21, 2014