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US Bancorp, US9029733048

US Bancorp stock: Chief risk officer resigns, interim successor named

Published on 10/29/2026 at 17:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
US Bancorp stock was at EUR 54.32 with Lang & Schwarz on October 29. The bank named an interim chief risk officer after a senior departure.

New leadership and global funds platform

  • Jodi L. Richard left her vice chair and chief risk officer roles effective October 23.
  • Troy W. Remington is serving as interim chief risk officer while U.S. Bancorp searches for a permanent successor.
  • The bank introduced U.S. Bancorp Global Funds and its first Ireland-domiciled liquidity fund.
US Bancorp, US9029733048, Illustration mit AI erstellt.
US Bancorp, US9029733048, Illustration mit AI erstellt.

U.S. Bancorp disclosed a leadership change effective October 23, according to Investing.com, which cited a U.S. Securities and Exchange Commission filing. Jodi L. Richard resigned as vice chair and chief risk officer to join another publicly traded company. The report said the departure was not related to a disagreement over U.S. Bancorp's operations, policies or practices.

Interim risk leadership

Troy W. Remington, previously executive vice president and chief credit officer, was appointed interim chief risk officer. U.S. Bancorp said it will search for a permanent successor. For investors, the change creates a senior risk-management transition even as the bank has recently reported stronger operating metrics.

Separate expansion in fund services

On October 29, U.S. Bancorp also announced its new U.S. Bancorp Global Funds platform in a company release. Its first offering is an Ireland-domiciled UCITS liquidity fund focused primarily on short-term U.S. Treasury securities and Treasury-backed repurchase agreements. U.S. Bancorp Asset Management is the investment manager, while U.S. Bank Global Fund Services (Ireland) is the administrator.

The company said the platform is intended to support its growing international presence. That expansion adds a business-development detail to the leadership news, but the fund launch does not by itself establish a forecast for earnings or the share price.

Market and investor context

At 17:44:03 Berlin time on October 29, Lang & Schwarz showed US Bancorp stock at EUR 54.32. The quote is a dated trading reference; no Xetra closing comparison is included here.

Investors can follow the real-time quote of US Bancorp stock for subsequent price updates.

Broader sentiment can be followed through the S&P 500 market theme.

More news and analyses on US Bancorp stock are available on the company's topic page.

U.S. Bancorp stock facts

  • Company: U.S. Bancorp
  • ISIN: US9029733048
  • Ticker: USB
  • Primary exchange: NYSE
  • Lang & Schwarz quote: EUR 54.32 on October 29, 2026 at 17:44:03 Berlin time
  • Market capitalization: USD 94,410,039,750
  • Price-to-earnings ratio: 11.81
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