Fifth Third Center for sale, with 65 E. State St. owner seen as possible buyer
Dallas-based Tier REIT put the 330,840-square-foot tower at 21 E. State St. and a 508-397-square-foot, Fifth Third-anchored property at 600 Superior Ave. in downtown Cleveland up for sale as non-core assets.
What SCOTUS' Stock Drop Decision Means for ERISA
The Supreme Court decision will likely lead to an increase in employer "stock drop" lawsuits under ERISA, but not necessarily more liability.
Mon Aug 11, 2014
Fifth Third owes $1.5M in settlement
Fifth Third Bancorp is required to pay $1.52 million to settle charges it discriminated against some mortgage loan applicants.
Sun Aug 10, 2014
Seven Student-Athletes Among Summer UC GraduatesSeven University of...
Seven University of Cincinnati student-athletes are among 2,039 graduates taking part in UC's summer commencement Saturday inside Fifth Third Arena.
Fri Aug 08, 2014
Fifth Third unit to pay $1.5 million to settle discrimination charges
Cincinnati-based Fifth Third Mortgage Co. will pay more than $1.5 million into a fund as part of settling discrimination charges brought by the Department of Justice.
Thu Aug 07, 2014
UPDATE 2-Fifth Third to pay $1.5 mln in mortgage loan bias case
Fifth Third Bancorp Inc's mortgage unit will pay $1.52 million to settle U.S. government charges that it discriminated against some loan applicants by demanding letters from doctors to document income from Social Security disability insurance.
Could Fifth Third shareholders be getting more cash after it bought millions in stock?
Fifth Third CFO Tayfun Tuzun said, "We are very focused on distributing the excess amounts of capital to our shareholders," in an interview last year.
Tue Aug 05, 2014
Supreme Court Sets New Standards for ERISA Stock-Drop Cases
In the Fifth Third Bancorp v. Dudenhoeffer decision issued June 25, 2014, the Supreme Court unanimously rejected the "Moench presumption", a presumption of prudence for employer stock held in an ESOP or a 401 plan company stock fund.
Analyst Update: American International Group Inc, Fifth Third Bancorp, and Coach Inc
Analysts are weighing in today on insurance issue American International Group Inc , regional financial firm Fifth Third Bancorp , and accessories designer Coach Inc .
Mon Aug 04, 2014
This Cincinnati company got some of Fifth Third's billions in 2Q business loans
Cincinnati-based Sims-Lohman Inc. is growing at a clip of 30 percent a year, hiring employees, buying more companies and adding equipment.
Sun Aug 03, 2014
Down The Drive
Basketball Arena Is Now Mike Bohn's Top Issue, Really Its His Only Issue
Because there are no other big issues left for Bohn to grapple with. In a year's time Nippert Stadium will be under going the final touches in it's 86 million dollar transformation.
Sat Aug 02, 2014
Down The Drive
Bearcats Basketball Locker Room Project Won't Keep Them At Fifth Third Arena
Just before the start of the weekend the University of Cincinnati announced a massive overhaul of the Bearcats basketball locker room.
Fri Aug 01, 2014
Supreme Court Rules No Presumption of Prudence for ESOP Fiduciaries
The United States Supreme Court clarified the duty of prudence that employee stock ownership plan fiduciaries owe to plan participants in its June 25, 2014 decision Fifth Third Bancorp v.
Tue Jul 29, 2014
EXCLUSIVE: Five questions with Fifth Third's new consumer banking chief
Shawn Niehaus, who started at Fifth Third as a teller during college 17 years ago, calls the new branch banking environment "exciting."
View Press Release
Fifth Third Bank loaned more than $6.9 billion to businesses throughout its footprint during the First Quarter of 2014.
Mon Jul 28, 2014
Exclusive: Fifth Third Center in downtown Tampa sold
The sale of the 19-story 281,187-square-foot office building at 201 E. Kennedy Blvd. closed Monday, CBRE Group Inc. confirmed to the Tampa Bay Business Journal .
Three reasons analyst says Fifth Third shares should jump
The impact of doing away with payday-like loans, strong loan demand, a cheap stock and cuts to its branch network give Fifth Third Bancorp the potential to crank up the stock price, one analyst says.
Supreme Court Unanimously Rejects Special 'Presumption of Prudence' For Investment in Employer Stock
In the past, fiduciaries of employee stock ownership plans and other defined contribution plans that invest in employer stock generally have been able to rely on a special "presumption of prudence" in court when defending their decisions to continue to offer employer stock as an investment option, even when the investment has substantially declined ... (more)
Fri Jul 25, 2014
What Does the Supreme Court's Ruling in Fifth Third Bancorp v....
What Does the Supreme Court's Ruling in Fifth Third Bancorp v. Dudenhoeffer Mean for ESOPs and Other Retirement Plan Fiduciaries? Fiduciaries of qualified retirement plans, including Employee Stock Ownership Plans , have generally been entitled to a presumption that they have acted prudently in offering employer stock as an investment alternative ... (more)