Fed's Regulatory Easing Boosts U.S. Bancorp's Surge
U.S. Bancorp's stock surged after the Federal Reserve released the bank from its commitment to meet requirements for larger banks by the end of next year. The regional lender will no longer have to satisfy requirements for Category II financial institutions, which would have brought stricter liquidity requirements and a more complex methodology for determining its capital requirements. U.S. Bancorp's shares rose 5.1% following the news.