All U.S. Bancorp articles

  • Bank of America
    Article

    Bank of America, Wells Fargo headline climate risk consortium

    2022-01-12T21:42:00Z

    Bank of America, Wells Fargo, U.S. Bank, and 16 other financial institutions have formed a climate risk consortium in response to calls from investors and regulators that banks work to mitigate climate-related risks within their own operations.

  • MUFG
    Article

    OCC raps MUFG Union Bank for risk management deficiencies

    2021-09-21T16:39:00Z

    MUFG Union Bank, which has entered into agreement to be acquired by U.S. Bank, received a cease-and-desist order from the OCC for “unsafe or unsound practices regarding technology and operational risk management.”

  • Blog post

    U.S. Bancorp to pay $613M for AML compliance failures

    2018-02-15T16:00:00Z

    U.S. Bancorp, the parent company of U.S. Bank, announced today that it will pay a total of $613 million in total penalties for willfully failing to have an adequate anti-money laundering compliance program and willfully failing to file a suspicious activity report in violation of the Bank Secrecy Act.