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SeekingAlpha.com (Free subscription) | 02/12/2008
Bill Zielinski submits: US Bancorp (USB) is still profitable while other banks can’t find enough zeros to put after their losses. In the latest quarter ending September 30, 2008, USB’s net earnings declined by 48% to $576 million due mainly to an increase in provision for credit losses of $549 million in the quarter. The increase in the provision for credit losses for the 9 months ending 9/30/2008...
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SACO INVEST (Free subscription) | 30/11/2008
Coca Cola 200 million shares Proctor & Gamble 105 million shares Wells Fargo 290 million shares Burlington Northern 64 million shares ConocoPhillips 84 million shares Kraft Foods 138 million shares Johnson & Johnson 61 million shares American Express 151 million shares US Bancorp 72 million shares Wesco Financial 5 million shares These 10 holdings make up over 90% of the Berkshire Hathaway stock portfolio....
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The Street (Free subscription) | 24/11/2008
US Bancorp share jumped after acquiring the deposits of failed Downey Savings and Loan Association and PFF Bank & Trust, two thrifts that were shut down Friday by the Federal Deposit Insurance Corp.
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Business Week (Free subscription) | 24/11/2008
The federal government agrees to guarantee $306 billion of Citigroup's distressed assets and inject $20 billion in fresh capital. Citi will absorb the first $29 billion in losses in this portfolio. In return, the government will receive $7 billion of preferred stock, and warrants with a strike price of $10.61. Citi also agrees not to pay a common dividend exceeding $0.01 for the next three years. Although...
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Banking Business Review (Free subscription) | 24/11/2008
US Bancorp has announced that its lead bank, US Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal Deposit Insurance Corporation. The two acquired institutions are Downey Savings & Loan Association, the primary subsidiary of Downey Financial, and PFF Bank & Trust, a subsidiary of PFF Bancorp.
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Offshore Services (Free subscription) | 24/11/2008
(DSL: 0.18 -5.26%) are over; in a deal that is tantamount to a bank failure, the Federal Deposit Insurance Corp. said late Friday that it had secured a deal with US Bancorp (USB: 22.53 +1.85%) that will see the Minneapolis-based bank ...
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Offshore Services (Free subscription) | 22/11/2008
US Bancorp announced today that it had acquired the banking operations of two separate California financial institutions from the Federal Deposit Insurance Corporation.
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Credit Writedowns (Free subscription) | 22/11/2008
Another Friday and another FDIC Friday Night Special. This time it was Downey Savings and Loan Association and PFF Bank & Trust which were seized by the FDIC. Downey is especially notable as it has been in the news a lot recently with many speculating about the demise of the parent company Downey Financial.
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Reuters (Free subscription) | 22/11/2008
WASHINGTON (Reuters) - US Bancorp agreed to acquire the deposits of Downey Savings and Loan Association and PFF Bank & Trust, the latest in a growing list of banks to fail this year, U.S. banking regulators said on Friday.
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Eco Friendly Mag (Free subscription) | 21/11/2008
Rise & Shine: November 20, 2008 CALIFORNIA NEWS SunRun Closes US $105M for Solar Facilities In a market where project financing is hard to come by, the funding from US Bancorp seems like it's a recognition that's PPA?s for residential customers, could be showing some promise. Gov. Schwarzenegger Looks to Advance California?s Renewable Energy Plans Governor Schwarzenegger signed Executive Order [...]...
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Earth2Tech (Free subscription) | 20/11/2008
SunRun, a startup that finances solar power for homeowners, says it has secured a tax equity commitment of around $105 million from an affiliate of US Bancorp to buy about 2,000 residential solar facilities. SunRun is one of the first companies to attempt to create a business model where homeowners can buy solar power off [...]
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UK Cash Loans (Free subscription) | 18/11/2008
Credit card holders squeezed as issuers cut credit limits Los Angeles Times, CA - 49 minutes ago The 32-year-old management consultant has had the limits reduced on three of her credit cards . In September, US Bancorp notified the Fairfax, [...]
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Market Wire (Free subscription) | 17/11/2008
RADNOR, PA (MARKET WIRE) Brandywine Realty Trust (NYSE: BDN), a real estate investment trust focused on the ownership, management and development of Class A, suburban and urban office properties in the mid-Atlantic region and other selected markets throughout the United States, announced today that it has closed a transaction with US Bancorp (NYSE: USB) related to the historic rehabilitation of the...
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Minleys (Free subscription) | 15/11/2008
By Ada Denis The following are several of the greatest resorts in Portland. The highly applauded Embassy Suites Downtown Portland is located familiar to the Oregon Convention Center, the US Bancorp Tower, Open Up Courthouse Square, Portland Art Museum, Pearl District, Initiate Spot Surfing Shopping Mall, and the Portland Midway for Doing Arts. This full-service, stylish building is minutes from Portland...
