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Fifth Third Bancorp (FITB) in Cincinnati named a new chief financial officer in connection with a tentative agreement to settle a Securities and Exchange Commission investigation into its accounting for commercial real estate loans in 2008, according to a Tuesday press release.
November 5 -
Fifth Third Bancorp (FITB) in Cincinnati was ordered this week to pay First South Bank in Spartanburg, S.C., $2.8 million in damages for a real estate deal gone sour.
October 3 -
JPMorgan Chase (JPM) has agreed to pay $5.1 billion in settlements to the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, federal officials said Friday.
October 25
Fifth Third Bancorp (FITB) in Cincinnati has agreed to
The agreement applies to mortgage loans originated and sold to Freddie Mac before Jan. 1, 2009, according to Fifth Third's Monday press release. The $126 billion-asset Fifth Third has sufficient reserves to cover the payment amount, according to the release.
Earlier this month, Fifth Third