TITLE

Fifth Third in Ninth Inning Of the Cycle?

AUTHOR(S)
Landy, Heather
PUB. DATE
June 2010
SOURCE
American Banker;6/15/2010, Vol. 175 Issue 91, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that Fifth Third Bancorp is viewed as being further ahead in the credit cycle than its peers due to its actions in June 2008. At that time, Fifth Third prepared for financial crisis by announcing a dividend cut, preferred stock sale and major assets sale. Although Fifth Third has yet to repay capital from the U.S. Troubled Asset Relief Program, its rating outlook has been upgraded from negative to stable.
ACCESSION #
51455450

 

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