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Fifth Third Announces The Appointment Of Jamie Leonard As Chief Financial Officer
Fifth Third Ban Q3 Earnings Per Share $0.78
Fifth Third Bancorp Expects Reducing Run-Rate Expenses By $200 Million In 2021
Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. It diversifies its loan and lease portfolio by offering a range of loan and lease products with various payment terms and rate structures. It offers commercial and industrial loans, commercial mortgage loans, commercial construction loans, commercial leases, residential mortgage loans, home equity, automobile loans, credit card, and other consumer loans and leases. It offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits and transaction deposits.
38 Fountain Square Plz
Gregory D. Carmichael
Chairman of the Board, Chief Executive Officer
Timothy N. Spence
James C. Leonard
Chief Financial Officer, Executive Vice President
Robert P. Shaffer
Chief Human Resource Officer, Executive Vice President
Jude A. Schramm
Executive Vice President, Chief Information Officer
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A senior Democratic senator on Tuesday raised concerns that a federal regulator probing allegations that Fifth Third Bancorp employees created phony accounts may be conflicted because one of its staffers previously worked at the bank.
* FIFTH THIRD BANCORP REJECTS CHARGES IN CONSUMER FINANCIAL PROTECTION BUREAU'S CIVIL LAWSUIT
A federal appeals court has revived a proposed class action accusing Ohio-based Fifth Third Bank of breach of contract for advertising its short-term loans as having an annual interest rate of 120 percent when rates could actually reach as high as 3,650 percent.
Ohio-based Fifth Third Bank has been hit with a proposed class action in Orlando federal court accusing it of manipulating its customers' debit charges to deplete their checking accounts more quickly so it can charge more overdraft fees.
The U.S. Federal Reserve Board on Wednesday approved the acquisition of MB Financial Inc. by Fifth Third Bancorp.
Fifth Third Bancorp said on Tuesday it expects net interest income to rise about 3 percent this year, even if there are no interest rate hikes, sending the regional lender's shares up 2.1 percent.
Fifth Third Bancorp <FITB.O> said on Tuesday it expects fourth-quarter net interest income to rise by around 2 percent from the preceding quarter, sending its shares up on a day when financial stocks were leading a selloff in the wider market.
Fifth Third Bancorp reported a 58 percent decline in quarterly profit on Tuesday, as provisions for bad loans and expenses jumped.
* MB FINANCIAL - MERGER AGREEMENT PROVIDES $151 MILLION FEE PAYABLE BY CO TO FIFTH THIRD BANCORP UPON DEAL TERMINATION UNDER CERTAIN CIRCUMSTANCES Source text: (https://bit.ly/2x2i8D8) Further company coverage:
Fifth Third has hired Joshua Sosland as a managing director in the debt capital markets group to oversee middle market loan syndications.
U.S. regional bank Fifth Third Bancorp <FITB.O> has agreed to buy smaller rival MB Financial Inc <MBFI.O> in a stock-and-cash deal valued at about $4.7 billion, as it looks to expand in Chicago and broaden its middle market customer base.
* FIFTH THIRD BANCORP - MITCH FEIGER TO BECOME CHAIRMAN AND CEO OF FIFTH THIRD CHICAGO - SEC FILING
* FIFTH THIRD BANCORP TO MERGE WITH MB FINANCIAL, INC. CREATING A LEADING RETAIL AND COMMERCIAL FRANCHISE IN THE ATTRACTIVE CHICAGO MARKET
U.S. regional bank Fifth Third Bancorp on Monday said it would buy MB Financial Inc in a deal valued at about $4.7 billion.
* FIFTH THIRD BANCORP CEO SAYS REMAIN ON TRACK TO ACHIEVE UPPER END OF REVISED ROTCE TARGET -CONF CALL
Fifth Third Bancorp <FITB.O> posted a better-than-expected quarterly profit on Tuesday as higher interest rates helped the bank earn more from loans and other interest-bearing assets.
* Q1 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS I/B/E/S
Fifth Third Bancorp on Tuesday reported a quarterly profit that more than doubled, helped by a one-time gain of $414 million on pre-tax basis.
* FIFTH THIRD BANCORP INCREASES ITS PRIME LENDING RATE TO 4.75 PERCENT Source text for Eikon: Further company coverage:
* FIFTH THIRD BANCORP - BOARD OF DIRECTORS APPROVED A NEW SHARE REPURCHASE AUTHORIZATION OF UP TO 100 MILLION SHARES
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