ADVFN - Advanced Financial Network.
HOME» NYSE » U » USB Stock Price » USB Stock News

Us Bancorp Share News

 U.s. Bancorp (de) Stock Price
USB Stock Price
 U.s. Bancorp (de) Stock Chart
USB Stock Chart
 U.s. Bancorp (de) Stock News
USB Stock News
 U.s. Bancorp (de) Company Information
USB Company Information
 U.s. Bancorp (de) Stock Trades
USB Stock Trades

Citigroup To Buy Loans From Societe Generale

Citigroup Inc. (C) is buying a portion of Societe Generale SA's (SCGLY, GLE.FR) portfolio of shipping loans, joining the group of U.S. banks buying businesses and assets from shrinking European banks. The two banks said they won't disclose the terms of the deal, and a short statement from Citi only said the two "are committed to working in a coordinated manner in order to make the transition as timely and efficient as possible for the borrowers." A person familiar with the matter said Citi paid $1.3 billion for the loans. The sale was earlier reported by Reuters. Many U.S. bankers have said they're interested in buying assets and businesses European banks are trying to shed in their effort to built capital. While some bankers simply take advantage of better loan pricing as European banks stop competing for borrowers in the U.S., others, particularly Wells Fargo & Co. (WFC), have been aggressively buying portfolios. Competition was strong from U.S. banks for Royal Bank of Scotland Plc's (RBS, RBS.LN) aviation-leasing business, which eventually went to Sumitomo Mitsui Financial Group Inc. (SMFG, 8613.TO). Earlier this week, Eurohypo AG sold $760 million in commercial real estate loans in major markets around the U.S. to U.S. Bancorp (USB), Wells Fargo and Blackstone Group LP (BX) for out 95 cent on the dollar. Wells Fargo Chief Executive John Stumpf and Chief Financial Officer Timothy Sloan have repeatedly said the San Francisco bank--the fourth largest by assets in the U.S.--is looking to buy more U.S. assets from European banks. It got $15 billion of loans when it bought BNP Paribas SA's (BNPQY, BNP.FR) energy lending business, and loans from Allied Irish Banks (AIBYY, ALBK.DB) and Bank of Ireland. Mr. Stumpf told investors in May, "As Europe continues to retreat back to their home countries and divest and so forth, we've been kicking tires and we've actually bought a few things that we really liked." Write to Matthias Rieker at

Stock News for Us Bancorp (USB)
12/02/201614:56:00U.S. Bancorp to Speak at the Goldman Sachs US Financial Services...
12/02/201609:07:00U.S. Bank Named a Best Brand for Business
11/30/201616:00:00U.S. Bancorp to Release Fourth Quarter Earnings Results and Host...
11/29/201617:04:00U.S. Bancorp to Speak at the Goldman Sachs US Financial Services...
11/18/201609:00:00Elavon, System Innovators Team Up to Protect Government Payment...
11/17/201616:17:47Statement of Changes in Beneficial Ownership (4)
11/17/201616:17:22Statement of Changes in Beneficial Ownership (4)
11/16/201616:36:58Statement of Changes in Beneficial Ownership (4)
11/15/201616:29:14Statement of Changes in Beneficial Ownership (4)
11/14/201617:11:14Statement of Changes in Beneficial Ownership (4)
11/14/201617:06:46Statement of Changes in Beneficial Ownership (4)
11/10/201605:00:00U.S. Bank AP Optimizer Named 2016 New Product of the Year for...
11/09/201616:19:03Statement of Changes in Beneficial Ownership (4)
11/09/201616:00:00U.S. Bancorp to Speak at the Bank of America Merrill Lynch Future...
11/04/201616:18:22Statement of Changes in Beneficial Ownership (4)
11/04/201613:07:56Quarterly Report (10-q)
11/04/201611:39:06Form 13f Holdings Report (13f-hr)
11/04/201607:47:17Current Report Filing (8-k)
11/01/201616:35:54Statement of Changes in Beneficial Ownership (4)
11/01/201616:33:19Statement of Changes in Beneficial Ownership (4)

Us Bancorp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations