US Bancorp (USB) Monday said its lead bank, US Bank National Association, has agreed to buy the municipal bond trustee business of Deutsche Bank. The company did not disclose any financial details of the deal.
The transaction is expected to close in the third quarter of 2013 and will add about $57 billion to the more than $3 trillion in assets currently under administration within US Bank's corporate trust division.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.