US Bancorp

For years, credit card companies have targeted college students to gain access to a lucrative source of profits: student debt. And despite laws designed to stop the practice, colleges and universities are still taking huge payments from card companies -- at your kids' expense.

A top Massachusetts court has criticized banks for their "carelessness" during the securitization of mortgages in the state. But interests supporting the banks have issued their own messages -- trying to minimize the court's decision.

Warren Buffett's Berkshire Hathaway Inc. was questioned earlier in the year by U.S. regulators on why the holding company didn't write down $1.86 billion in losses largely from its investments in Kraft Foods Inc. and U.S. Bancorp during the second quarter.

Bank of America Corp (BAC) and Visa Inc. (V), the world's largest payment processor, will begin a test program next month that allows consumers to pay for purchases in shops using their smartphones. The program will run from September through the end of 2010 in the New York area, Reuters...

The recent seesaw activity in the stock market has prompted some analysts to suggest investors may be overreacting to financial news. After marching more than 115 points higher on Tuesday, the Dow Jones Industrial average fell more than 122 points in Wednesday's market sell-off.

U.S. Bancorp reported fourth quarter profits 82% better than last year powered by record revenue growth of $4.4 billion. During the earnings call executives were upbeat about its ability to generate strength from the bank's loan portfolio during the economic downturn.

Since the financial crisis began in 2008, the Federal Reserve Bank has willingly poured trillions into keeping financial firms afloat. What it's unwilling to do is give taxpayers the details about who got the money.

Last Friday, regulators seized nine banks, the most on a single day since the financial crisis began more than two years ago. Sure, it was a sign of just how sick many financial institutions have become, but it wasn't all bad news. That's especially true for U.S. Bancorp (USB), the Minnesota-based...

The Federal Reserve does not want to release details about the financial institutions that have received more than $1 trillion in loans through about a dozen emergency programs. To stop the release, the Fed asked U.S. District Judge Loretta Preska to delay enforcement of her August 24 ruling...

One might think that 89 bank failures since the start of 2008 is bad news, but not for other banks. Many banks instead see this as a great opportunity to expand their customer base on the cheap, and the FDIC is helping to ease the way. Many of the banks who are taking advantage of the current...