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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

Chicago 170
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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. More specifically, the upcoming Verizon 5G rollout in Chicago and Minneapolis represents, according to one report , development of the company’s “first standards-based 5G network.” 5G Potential.

Mobile 168
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FOMC’s Annual Rotation Portends More Hawkishness

TrustBank

The Federal Open Market Committee (FOMC) is the monetary policy-making body of the Federal Reserve System. The FOMC is composed of 12 members — the seven-member Board of Governors and five members drawn from the 12 regional Reserve Bank presidents. We wrote last year that 2022 would shape up to be anything other than a typical year.

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U.S. Bancorp Names New Chief Marketing Officer

American Banker

Bancorp in Minneapolis has promoted Beth McDonnell to chief marketing officer.

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U.S. Bank Hires B of A Exec to Lead Southern Calif. Market

American Banker

Bank in Minneapolis said Tuesday that it has hired Rudy Medina, formerly of Bank of America, to lead its Southern California market.

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The US Government’s eInvoice Mandate: Better Late Than Never

PYMNTS

Adoption of Electronic Invoicing: Challenges and Opportunities report released by the Federal Reserve Bank of Minneapolis in 2016, government officials noted the role eInvoicing plays in the broader effort to improve the U.S. faces unique hurdles in boosting eInvoice adoption compared to other markets, the report noted. In its U.S.

US 106
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U.S. Bancorp Forecasts Higher 2Q Expenses, Peak in Compliance Costs

American Banker

Bancorp in Minneapolis said it expects noninterest expense to increase in the second quarter due in part to compliance and marketing costs.