U.S. Bancorp to buy financial services firm BTIG in up to $1 billion deal

Jan 13 (Reuters) - U.S. Bancorp said on Tuesday it would buy financial services firm BTIG in a deal worth up to $1 billion, as the lender looks to strengthen its capital markets presence.

BTIG specializes in investment banking, institutional sales and trading, research and prime brokerage.

The cash-and-stock deal is expected to close in the second quarter of 2026.