TITLE

Getting Back To Stable, If Not Certain

AUTHOR(S)

Davis, Paul

PUB. DATE

December 2008

SOURCE

American Banker;12/22/2008, Vol. 173 Issue 245, p1

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article focuses on the bank Fifth Third Bancorp. It states that the United States Treasury Department has given preliminary approval of $3.5 billion from its Capital Purchase Program to Fifth Third. Kevin Kabat, chief executive officer of Fifth Third, said that ample capital is needed to survive in the unstable economic environment. It mentions that due to the capital from the U.S. Treasury, Fifth Third will probably not need to divest its payment processing arm.

ACCESSION #

35861905

Tags: FIFTH Third Bancorp (Company);  KABAT, Kevin;  CHIEF executive officers;  DISINVESTMENT;  BANK capital;  UNITED States. Dept. of the Treasury

 

Related Articles

• Fifth Third President Named CEO. Rieker, Matthias // American Banker;1/17/2007, Vol. 172 Issue 11, p1 

  The article announces that Kevin Kabat was appointed chief executive officer at Fifth Third Bancorp Inc. in Cincinnati, Ohio.

• Fifth Third CEO Concurs on Bonuses. Davis, Paul // American Banker;1/14/2009, Vol. 174 Issue 9, p20 

  The article reports that the chief executive officer (CEO) of Fifth Third Bancorp, Fevin Kabat, recommended that his company forgo merit-based raises and bonuses for Fifth Third's top executives. Kabat intends to formally propose such a measure to the company's board of directors in January...

• 'Difficult' Challenge For Banks. Emrich, Anne Bond // Grand Rapids Business Journal;5/27/2008, Vol. 26 Issue 21, p1 

  The article reports on the speech delivered by Kevin Kabat, chief executive officer (CEO) of Fifth Third Bancorp, at a Junior Achievement-sponsored luncheon held at Noto's restaurant in Grand Rapids, Michigan. He states that the U.S. economy while not technically in a recession, is in the grip...

• More Clarity from Fifth Third. Rieker, Matthias // American Banker;6/22/2006, Vol. 171 Issue 119, p1 

  This article reports on Kevin Kabat who worked behind the scenes helping to rebuild Fifth Third Bancorp's executive ranks. Kabat was announced as the company president to the Fifth Third Bancorp in 2006. Fifth Third's chief executive officer (CEO), George A. Schaefer Jr., who had been president...

• How Much Change for Fifth Third? Rieker, Matthias // American Banker;4/16/2007, Vol. 172 Issue 72, p1 

  This article presents a discussion with George A. Schaefer, the departing chief executive of Fifth Third Bancorp, and Kevin T. Kabat, the succeeding chief executive for the bank, regarding the recent growth of and present challenges and opportunities facing the company and its place in the U.S....

• Kabat Takes The Lead At Fifth Third. Emrich, Anne Bond // Grand Rapids Business Journal;1/22/2007, Vol. 25 Issue 4, p3 

  No abstract available.

• CEO Kabat Says Fifth Third Will Be a Buyer. Kline, Alan // American Banker;12/8/2011, Vol. 176 Issue 189, p16 

  No abstract available.

• Fifth Third Buys Back Its Tarp Warrant. Landy, Heather // American Banker;3/17/2011, Vol. 176 Issue 42, p16 

  No abstract available.

• HAPPY WARRIOR. Bennett, Robert A. // U.S. Banker;Jan2002, Vol. 112 Issue 1, p30 

  Interviews Fifth Third Bancorp chief executive officer George Schaeffer. Observations of trends in the midwestern banking market; Partnership problems in the industry; Administrative plans for the bank.

Read the Article