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Fifth Third Bancorp's losses widened in the third quarter, with its loan portfolios getting hammered in key Florida and Michigan markets.
Fifth Third Bancorp posted a profit for the second quarter, thanks to a $1.1 billion gain from the sale of controlling interest in its processing business.
Fifth Third Bancorp said Wednesday it will sell no more than $750 million in common stock as part of the company's commitment to add a $1.1 billion infusion after the government's stress test showed the bank needed a buffer to withstand losses.
Fifth Third Bancorp says it posted a loss in the first quarter including preferred dividends, as rising losses on commercial loans hurt the large Midwest regional bank.
Fifth Third Bancorp's chief executive sought to reassure shareholders Tuesday as the troubled regional bank copes with dramatically lower stock prices and dividends.
Fifth Third Bancorp said Monday it is selling a majority stake in its payments-processing business to global buyout firm Advent International for $561 million.
Fifth Third Bancorp said Thursday it lost $2.2 billion in the fourth quarter of last year, mainly due to rising defaults on loans, charges on goodwill and credit costs.
Fifth Third Bancorp shares plummeted 27 percent Wednesday after the regional bank, facing rising loan losses, said it will slash dividends and try to raise $2 billion with a stock offering and sale of noncore businesses.
Fifth Third to Seek Bidders for Payment ArmFifth Third, the struggling US regional bank, is looking to sell at least part of its lucrative payment-processing business, as a range of commercial banks press ahead with attempted asset sales to avoid diluting shareholders by raising more equity capital.
Fifth Third agreed to buy R-G Crown Bank in Florida and GeorgiaEarlier Monday, Fifth Third agreed to buy R-G Crown Bank for $288 million plus the assumption of $50 million of trust preferred securities.
Branding 101: Fifth Third Logo Lays an EggA brand bastardization. Nothing like taking a regional player trying to step up and compete with the national brands then hamstringing them with an ill-conceived cliché logo.
Fifth Third gets new lookFifth Third Bank unveiled a blue-and-green corporate logo Thursday as it launched a rebranding initiative in a crowded marketplace. The logo incorporates green as one of two primary colors in place of the old logo's red, and it substitutes a lighter shade of blue for a midnight …
Color-coded report cards at 5/3A new strategic plan at Fifth Third Bank has employees at local branch offices under renewed pressure to sell more - more checking and savings accounts, more credit cards, etc.
Fifth Third Electronic Deposit Solution Posts Back-to-Back Billion Dollar MonthsFifth Third Bank announced today that it has reached a significant milestone, processing over $1 billion in checks through its Electronic Deposit solution in both August and September.
Fifth Third Streamlines Back Office Processing, Plans for Future Growth With Implementation of CheckFree's Industry-Leading Payment Solutions
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