President Barack Obama met today with chief executive officers of companies from Bank of America Corp. to EBay Inc. who have committed to giving the long-term unemployed a better chance in the hiring process.
U.S. Bancorp sold $2.75 billion of bonds after the nation’s largest regional lender reported quarterly profit that beat analysts’ expectations. A measure of corporate credit risk held at about a two-month high.
Banks should avoid large acquisitions “until the dust settles” from deals done during the financial crisis, U.S. Bancorp Chief Executive Officer Richard Davis said, citing costs that can come years later.
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.