Wisconsin Banking Update
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U.S. Bank Poised for Growth
Posted on December 1st, 2008 No commentsRichard Davis, CEO of Minneapolis-based U.S. Bancorp says he refused to underwrite or securitize subprime credit created by mortgage brokers and underwriters that was often packaged with debt and exotic financial instruments. Davis says he supports FDIC Chairwoman Sheila Bair’s plan for $25 billion to help homeowners, the Minneapolis Star-Tribune reported, and he’s looking for acquisitions throughout U.S. Bank’s 24-state territory and beyond.
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