US Bancorp News
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Warren Buffett’s Berkshire Hathaway Inc. took a stake in Chicago Bridge & Iron Co. in a bet that the construction company will benefit from infrastructure spending as customers liquefy natural gas and use it as a feedstock.
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The hackers often struck late on Fridays, starting about a year ago, sending skeleton crews at more than a dozen European banks rushing to keep bombardments of digital gibberish from crashing their websites.
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Tesla Motors Inc., the maker of electric cars led by billionaire Elon Musk, is adjusting a lease-style financing plan for its Model S sedan to address criticisms made when it was unveiled last month.
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OneWest Bank FSB, the lender once known as IndyMac Bancorp Inc., failed to find a buyer after holding informal talks with at least three suitors, according to people familiar with the matter.
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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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Federal regulators are moving to curb or eliminate high-interest, short-term lending that may ensnare consumers in a cycle of debt as they draw one loan to repay another.
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Regions Financial Corp., Alabama’s biggest bank, said first-quarter profit rose 68 percent, beating analysts’ estimates on cost cuts and lower provisions for loan losses. The shares rose the most in three months.
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The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency plan to issue guidelines to banks this week aimed at curbing offerings of short-term loans, according two people briefed on the plans.
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History is repeating itself in the bond market as investors capitulate on bets that the Federal Reserve’s money-printing efforts will spark faster inflation.
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American International Group Inc., the insurer that repaid a U.S. bailout last year, will release workforce-diversity data after pressure from New York City Comptroller and mayoral candidate John Liu.
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