U.S. Bancorp has agreed to open an account that will allow Somalis living in Minnesota to send money to relatives in Somalia.
U.S. Bancorp says service has been restored at its 8,000 automatic teller machines across the nation following a two-hour outage.
U.S. Bancorp said its fourth-quarter profit jumped 64 percent as it wrote off fewer bad loans. The bank said new lending of $65.6 billion was at its highest level since before the financial panic that began in late 2008.
The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a widely watched mortgage foreclosure case that could have serious implications for the nation’s largest banks.
Citigroup Inc. and U.S. Bancorp Inc., two of the biggest U.S. banks, have signed a joint venture deal to offer payment processing services for Brazil’s growing credit card market.