Fifth Third Bancorp news and trends

Fifth Third Earnings Focus on Liquidity and Payments Innovations
Earnings // July 19, 2024

This quarter’s bank earnings, like the macro environment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth Third Bancorp executives, who told investors during a second-quarter 2024 earnings call on Friday (July 19) that it “continues to be an uncertain...

Fed Scrutiny of Regional Banks Highlights Importance of KYB, FinTech Partnerships 
Bank Regulation // September 01, 2023

The increased scrutiny of regional banks — and a boost in capital requirements — may drive them towards FinTech partnerships to shore up compliance and know-your-business efforts. That might also light a fire under some dealmaking in the process. To that end, and as reported...

Several Regional Banks Maintaining Stable Deposits
Banking // April 20, 2023

Several regional banks ended the first quarter with stable deposits. Their reports of flat deposits came after a quarter in which the collapses of three banks led investors to closely watch the deposit flows at other smaller banks, Bloomberg reported Thursday (April 20). Deposits were...

Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
Technology // April 15, 2022

In today’s FinTech news, for the first time ever, the Boston Red Sox are not taking cash for hot dogs, beer, shirts and other concession items. Plus, J.P. Morgan’s first-quarter earnings sock away $902 million for reserves, and Twitter throws down a roadblock to stop...

Quick Reads
Fifth Third Bancorp Sees 10% Jump in Commercial Payment Business

October 18, 2024
Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business up 10% year over year, with embedded payments solution Newline “adding industry leaders to its customer base,” as CEO Tim Spence said. Overall income before taxes came to […]

Several Regional Banks Maintaining Stable Deposits

April 20, 2023
Several regional banks ended the first quarter with stable deposits. Their reports of flat deposits came after a quarter in which the collapses of three banks led investors to closely...

CEO Greg Carmichael Stepping Down From Fifth Third Bancorp

April 15, 2022
Fifth Third Bancorp CEO Greg Carmichael is retiring from his role effective July 5, according to a company statement on Friday (April 15). Carmichael will become executive chairman of the board and will provide...

Large US Banks Are Raising Teller Wages

August 27, 2018
Even with mobile apps and banking robots, bank tellers are not going away: While conventional wisdom suggests that the job may be in decline, anecdotal evidence suggests otherwise, Bloomberg reported....