USB News & Events

U.S. Bank announced that Daniel Farley, CFA, is its new chief investment officer for the Wealth Management Asset Management Group. Farley will oversee the Asset Management Group, leading its investment strategy, guiding portfolio construction, asset allocation and investment decisions for more than 480,000 wealth management clients. He will play a central role in shaping the firm's investment perspective on key issues including inflation, interest rates and global diversification, and in supporting portfolio strategies designed to help clients navigate changing market conditions with confidence. He is based in Minneapolis. Farley has worked for U.S. Bank since 2010, most recently as Private Wealth Management Midwest region executive.

U.S. banking regulators are increasing scrutiny on how lenders deploy AI as technology expands through the industry, Nupur Anand of Reuters reports, citing people familiar with the situation. Regulators are stepping in as AI begins exposing the sector to cybersecurity and fraud risk. For the moment, their approach is to closely watch, with the aim of understanding how banks deploy the technology. Publicly traded companies in the banking space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

U.S. Bancorp announced that it has completed its acquisition of BTIG, LLC, effective June 1, 2026. "Today, we welcome the talented BTIG team to U.S. Bancorp," said Gunjan Kedia, chairman of the board and CEO at U.S. Bancorp. "Our teams are energized to get started and begin working together, combining deep market expertise with the strength of our broader franchise to create more opportunities for the firms and institutions we serve." BTIG will continue to operate as a separate broker-dealer within U.S. Bancorp.