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US Bancorp

The rotation is back in full force. Here’s how we’ve managed the portfolio for this moment

by Adrian Jhonsan
The rotation is back in full force. Here’s how we’ve managed the portfolio for this moment

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets …

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Categories World

U.S. Bank fined $36 million for frozen unemployment benefits

by James Odonell
U.S. Bank fined  million for frozen unemployment benefits

WASHINGTON — The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank nearly $21 million for cutting off access to unemployment insurance benefits during the height of …

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Categories Politics

Supermarket regional bank branches closing at higher rates

by Adrian Jhonsan
Supermarket regional bank branches closing at higher rates

Customers at a Safeway store in San Francisco. Getty Images American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid …

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Categories World

House Republicans subpoena Citibank over data shared after Jan. 6

by Adrian Jhonsan
House Republicans subpoena Citibank over data shared after Jan. 6

Chairman Jim Jordan, R-Ohio, conducts the House Judiciary Committee hearing on the “Report of Special Counsel John Durham,” in Rayburn Building on Wednesday, June 21, 2023. Tom Williams | CQ-Roll …

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Categories World

Several banks including U.S. Bank and Fifth Third are currently under scrutiny

by Craig Fedirighi
Several banks including U.S. Bank and Fifth Third are currently under scrutiny

The Moody's ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank. Concern …

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Categories Business

Moody’s Downgrades Ratings of 10 U.S. Banks and Flags Downgrade Watch for Prominent Names

by Adrian Jhonsan
Moody’s Downgrades Ratings of 10 U.S. Banks and Flags Downgrade Watch for Prominent Names

A general view of the New York Stock Exchange (NYSE) on Wall Street in New York City on May 12, 2023. Angela Weiss | AFP | Getty Images Moody’s cut …

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Categories World

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