U.S. Bancorp is pushing deeper into investment banking and trading. The nation’s largest regional bank has agreed to buy brokerage firm BTIG for as much as $1 billion, expanding a partnership that’s been years in the making. Bloomberg Intelligence’s Senior Analyst of US Banks, Herman Chan, discussed the story on “Bloomberg Markets” with Scarlet Fu. (Source: Bloomberg)
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U.S. Bancorp Agrees to Buy BTIG for Up to $1B
