

US Bancorp cuts $87 million of soured loans
US Bancorp cleaned out more toxic loans in the third quarter, reducing nonperforming assets to $1 billion from $1.1 billion in the three months to end-September.
The ratio of soured assets to total loans fell in tandem, to 0.36% from 0.39%, and from 0.45% the year-ago quarter, when total nonperforming assets stood at $1.3 billion.
US Bancorp attributed the drop to improvements in recoveries in nonperforming residential mortgages, commercial loans, and real estate owned by the bank.
Of the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
7 days in 60 seconds
Forex code cold shouldered; Volcker fires up FRTB; Tradeweb trends
The week on Risk.net, December 1–6, 2019
Receive this by email