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Wednesday Express: US Bancorp Q3 EPS up YOY; Fairfax awarded $10.9M


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Wednesday Express: US Bancorp Q3 EPS up YOY; Fairfax awarded $10.9M

* U.S. Bancorp's third-quarter earnings per share went up year over year to $1.06.

* Mary Daly, president of the Federal Reserve Bank of San Francisco and the newest voting member at the Federal Open Market Committee, hinted that she would support the central bank's continued gradual increase in interest rates.

* The value of fraudulent noncash payments in the U.S. increased 37% to $8.3 billion in 2015 from $6.1 billion in 2012, according to data from the Fed's Payments Study.

* The Securities and Exchange Commission said the New York Stock Exchange and Nasdaq failed to justify that the fees they charged to banks, broker/dealers and hedge funds for certain market data products were fair and reasonable.

* United Services Automobile Association's partnership with StreetShares, which specializes in lending to current and former members of the U.S. armed forces, offers small-business loans to customers, American Banker reports.

* EVO Payments has acquired Spain-based point-of-sale payments platform ClearONE.

* Blue Capital Reinsurance expects approximately $10.2 million in third-quarter catastrophe losses, net of reinsurance and reinstatement premiums.

* Fairfax Financial Holdings and unit Crum & Forster were awarded $10.9 million in damages for alleged stock market manipulation involving the insurance company's shares.

* The New York Department of Financial Services ordered Sentinel Insurance and Selective Insurance to provide restitution of approximately $5.8 million to policyholders in the state for overcharging. The two insurers were also fined $700,000.

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