U.S. Bancorp said on Tuesday it would buy financial services firm BTIG in a deal worth up to $1 billion, as the lender looks to strengthen its capital markets presence. ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. U.S. Bank will acquire financial services firm BTIG in a deal worth up to $1 billion that’s set to close by the second quarter of 2026, the Minneapolis-based lender announced Tuesday. The $1 billion figure accounts for a target purchase price of $725 million – split evenly between $362.5 million in cash and slightly more than 6.6 million shares of common stock. The ...

与此同时，发卡银行可能采取多重策略抵消利率上限带来的压力，包括提高卡费、削减消费奖励、压缩 运营开支、收紧授信额度等措施，尤其是在该政策被永久化的情况下，这些应对手段将更趋显著。 但这一上限能否落地存在巨大疑问，此前多次尝试均以失败告终。摩根士丹利分析师杰弗里·阿德尔森 在致客户的报告中指出，自 1978 年最高法院否决各州自行设定信用卡利率上限以来，联邦层面已多次 试图立法封顶。 Evercore ISI 分析师约翰·潘卡里和格伦·肖尔等在报告中写道："对发卡机构而言，总收入冲击在抵消前 将显著为负;然而，执行此类上限可能颇具挑战，且过去曾失败。" 上周末，银行政策研究所、美国银行家协会、消费银行家协会、金融服务论坛及独立社区银行家协会发 表联合声明称，该行政命令将减少信贷供给，并迫使消费者转向监管更少、成本更高的选择。 智通财经获悉，华尔街分析师周一指出，美国总统唐纳德·特朗普将信用卡利率上限设定为10%的政 策，不仅可能对银行业形成显著冲击，其影响还将延伸至航空、零售等消费相关行业，并可能迫使消费 者转向收费远高于信用卡的其他借贷渠道——例如新银行、发薪日贷款等高成本融资工具，形成市场生 态的连锁反应。 ...

Core Viewpoint - The proposed 10% cap on credit card interest rates by President Trump could significantly impact the banking sector and extend to consumer-related industries such as airlines and retail, potentially forcing consumers to seek higher-cost borrowing alternatives [1][2] Group 1: Impact on Credit Card Issuers - Credit card issuers may respond to the interest rate cap by increasing fees, reducing consumer rewards, cutting operational costs, and tightening credit limits, especially if the cap becomes permanent [1][2] - Analysts from Morgan Stanley predict that under the temporary cap, the book value of companies like Bread Financial, Synchrony Financial, and American Express could decline by 20% to 40% [3] - The impact on earnings per share for major credit card companies could be severe, with estimates suggesting a reduction of 80% for American Express and 60% for Citigroup [3] Group 2: Broader Economic Implications - The credit card industry is crucial to the U.S. economy, which is approximately 70% driven by consumer spending, with credit card spending accounting for just over 20% [2] - A tightening of credit by issuers could lead consumers to turn to less regulated and more expensive lending options, such as payday loans [1][2] - The potential for reduced credit availability could have a cascading effect on industries reliant on credit card revenue, particularly airlines and retail [2] Group 3: Market Reactions - Stock prices of companies with a higher proportion of low-credit borrowers have already begun to reflect the risks, with significant declines observed in shares of Bread Financial, Synchrony Financial, and others [4] - Major banks like Citigroup and JPMorgan also experienced stock price drops, indicating market concerns over the proposed policy's implications [4] - Analysts note that while the event's impact is broad, the likelihood of the cap being implemented remains low, but uncertainty in the industry has increased significantly [4]

Billionaire investor Steve Cohen has significantly redeployed capital into major U.S. banks, channeling approximately $205.5 million into shares of Wells Fargo, US Bancorp and several other regional financial institutions in the latest quarter, according to recent 13F SEC filings.The filings reveal Cohen’s firm, Point72 Asset Management, added stakes across a basket of banks, even as the portfolio’s exposure to one of Warren Buffett’s top holdings shrank. Among the largest new or increased positions reporte ...

MILWAUKEE, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Tidal Investments LLC (“Tidal”) announces that the Defiance Daily Target 2X Long ONDS ETF (CBOE: ONDL) experienced a temporary trading halt due to an operational error related to an incorrect dividend posting. U.S. Bank, the fund’s administrator, posted an incorrect dividend amount of approximately $800,000 to the fund. Upon discovery of the error, trading in the ETF was halted to allow Tidal to evaluate and correct the impact of the incorrect dividend on the fun ...

U.S. Bank and DAT Freight & Analytics announced Tuesday a collaboration to launch a new quarterly research report on U.S. truck freight rates. The new report complements the existing U.S. Bank Freight Payment Index, which the bank has published quarterly since 2017. While the Freight Payment Index focuses on shipment volumes and spending data derived from $43 billion in annual freight payments, the Rates Edition focuses on contract rates, spot rates and fuel surcharges using DAT data and analytics. The ...

California Governor Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes. Wells Fargo & Co., JPMorgan Chase & Co., U.S. Bancorp and Citigroup Inc. will streamline requests for an additional 90-day forbearance period, allowing borrowers to apply verbally without paperwork, Newsom said on a press release Tuesday. Bank of America Corp. announced in November that it will offer quali ...

California Gov. Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes.Wells Fargo & Co., JPMorgan Chase & Co., U.S. Bancorp and Citigroup Inc. will streamline requests for an additional 90-day forbearance period, allowing borrowers to apply verbally without paperwork, Newsom said on a press release Tuesday. Bank of America Corp. announced in November that it will offer qualifying ...

Core Insights - The rapid growth in bank lending to nonbank financial institutions (NDFIs) raises concerns about potential credit deterioration and regulatory changes that may slow this activity [1][8][21] - NDFIs accounted for approximately 40% of all U.S. bank loan growth since January, despite representing only about 13% of total bank loans [2][18] Lending Trends - The volume of bank loans to nonbanks grew by around 50% between 2024 and 2025, but adjusted figures suggest a more realistic increase of 20% to 30% due to reclassification under new reporting standards [11] - Smaller banks are likely to feel the impact of credit issues more acutely than larger, diversified banks [3][21] Regulatory Environment - New Federal Reserve protocols for filing call reports, effective from 2025, aim to improve the granularity of nonbank lending data, requiring banks to categorize loans to various types of NDFIs [9][10] - The rescinding of 2013 interagency guidance on leveraged lending by regulatory agencies is expected to impact banks' market share in leveraged lending, which has shifted significantly to nonbanks [20] Market Reactions - Following reports of increased charge-offs and provisions for losses related to nonbank borrowers, the Nasdaq Regional Banking Index dropped 11% but has since recovered [4][21] - Bank executives have expressed concerns about the disconnect between the perceived safety of nonbank loans and investor sentiment, leading to increased disclosures during earnings calls [5][6] Future Outlook - Analysts suggest that while regulatory changes may not lead to a significant increase in direct lending by banks, they could broaden banks' risk appetite and increase competition in the lending market [21][22] - The ongoing growth of the NDFI sector, valued at over $2.5 trillion, indicates a shift in traditional lending practices, with banks potentially losing direct relationships with borrowers [15][16]