trending Market Intelligence /marketintelligence/en/news-insights/trending/T8J2sKf_reQ9ZXU-fJI8Qg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US Bancorp set to cut up to 2% of workforce

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


US Bancorp set to cut up to 2% of workforce

U.S. Bancorp is set to cut jobs and also launch a training program for existing employees to learn new skills, Bloomberg News reported, citing a memo and a person briefed on the decision.

The Minneapolis-based superregional bank will cut jobs in the low thousands, the person said. A company spokesperson told Bloomberg the job cuts represent less than 2% of its workforce and confirmed the contents of the memo, which was written by Chairman, President and CEO Andy Cecere. The bank has 74,000 employees as of Oct. 16, the news service noted.

Positions such as teller coordinator and assistant manager will either be eliminated or have the headcount sharply cut down, according to the report. The spokesperson also said there will be no planned branch closures as part of the job cuts.

In addition, some new roles focused on retail and commercial customer relationships will be created at branches.

Cecere told staff in the memo that the cuts will be made because "consumer behaviors have changed."