U.S. Bancorp To Pay $613 Million

The U.S. Justice Department said Thursday that it has reached a $613 million settlement with U.S. Bancorp over charges that it willfully failed to have an adequate anti-money-laundering program. As part of the settlement, U.S. Bancorp agreed to forfeit $453 million and to pay fines to the Treasury Department, the Office of the Comptroller of the Currency and the Federal Reserve. It said that the bank, through its subsidiary U.S.