US Bancorp Sees $1 Billion in Writedowns Ahead

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US Bancorp Sees $1 Billion in Writedowns Ahead

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12-11-2008, 10:20 AM

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US Bancorp Sees $1 Billion in Writedowns Ahead

<div style="width:520px;">U.S. Bancorp, one of the largest U.S. banks, said on Thursday it may incur $1 billion of credit costs and writedowns in the fourth quarter as the recession deepens and credit markets remain tight. ---

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