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Fifth Third Bancorp News

News on Fifth Third Bancorp (Ticker: FITB) continually updated from thousands of sources around the net.

Tuesday | Business Journal

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.

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Related Topix: REIT, Personal Finance, Banking, Financial Services, Real Estate, Forest City Enterprises, Columbus, OH

Tuesday | Workforce

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.

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Related Topix: Law, Employment / Labor Law, US News, US Supreme Court, Banking, Financial Services, Personal Finance, Retirement

Mon Aug 11, 2014

Business Journal

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.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

Sun Aug 10, 2014

Cincinnati Bearcats

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.

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Related Topix: University of Cincinnati, Financial Services, Banking

Fri Aug 08, 2014

Business Insurance

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.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services

Thu Aug 07, 2014

Reuters

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.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Macon, GA, Bibb County, GA

Business Journal

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.

Comment?

Related Topix: Financial Services, Banking

Tue Aug 05, 2014

JD Supra

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.

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Related Topix: Law, Employment / Labor Law, Banking, Financial Services

Customer Interaction Solutions

Fifth Third Bank Announces 2014 Fifth Third Scholarship Recipients

Fifth Third Bank today announced winners of the 2014 Fifth Third Scholarship Program.

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Related Topix: Financial Services, Banking

SchaeffersResearch.com

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 .

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Related Topix: Insurance, American International Group, Apparel, Coach, Banking, Financial Services, Day Trading, Financial Markets, Personal Finance

Mon Aug 04, 2014

Business Journal

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.

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Related Topix: Financial Services, Banking

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.

Comment?

Related Topix: Banking, Financial Services, Cincinnati, OH, Sports, NCAA Sports, University of Cincinnati NCAA

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.

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Related Topix: Banking, Financial Services, University of Cincinnati, Sports, NCAA Sports, University of Cincinnati NCAA

Fri Aug 01, 2014

JD Supra

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.

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Related Topix: Banking, Financial Services, US News, US Supreme Court, Law, Employment / Labor Law, Pension, Personal Finance, Retirement

Tue Jul 29, 2014

Business Journal

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."

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Related Topix: Banking, Financial Services

Business Wire

View Press Release

Fifth Third Bank loaned more than $6.9 billion to businesses throughout its footprint during the First Quarter of 2014.

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Related Topix: Cincinnati, OH, Non-Profit, Banking, Financial Services

Mon Jul 28, 2014

Business Journal

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 .

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Related Topix: Tampa, FL, Hillsborough County, FL, Financial Services, Banking

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.

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Related Topix: Financial Services, Banking

JD Supra

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)

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Related Topix: Banking, Financial Services, US News, US Supreme Court, Personal Finance, Retirement, Third Circuit Court of Appeals, Law, Employment / Labor Law

Fri Jul 25, 2014

JD Supra

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)

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Related Topix: Banking, Financial Services, Personal Finance, Retirement, Law, Employment / Labor Law, Financial Markets

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