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Recent Fifth NewsFifth Third & SEC in Settlement - Thu, 05 Dec 2013
Recently, Fifth Third Bancorp arrived at a settlement with SEC regarding its faulty accounting of commercial real estate loans.
Fifth Third settles SEC charges over financial crisis accounting - Wed, 04 Dec 2013
Fifth Third Bancorp, a large U.S. midwest regional bank, agreed to pay $6.5 million to settle U.S. Securities and Exchange Commission charges that it accounted improperly for troubled commercial real estate loans during the 2008 financial crisis, reducing its reported loss. As part of the settlement, former Fifth Third Chief Financial Officer Daniel Poston agreed to pay a $100,000 penalty and be ...
Fifth Third to pay $6.5M stemming from improper accounting - Wed, 04 Dec 2013
Fifth Third Bancorp has agreed to pay $6.5 million in a settlement with the Securities and Exchange Commission over accusations that it improperly accounted for troubled commercial real estate loans during the 2008 financial crisis, reducing its reported loss.
Fifth Third Settles SEC Accounting Charge - Wed, 04 Dec 2013
NEW YORK (TheStreet) -- The Securities and Exchange Commission on Wednesday announced that Fifth Third Bancorp of Cincinnati and its former CFO Daniel Poston had settled charges of "improper accounting of commercial real estate loans in the midst of the financial crisis."Fifth Third agreed to pay a $6.5 million fine, while Poston agreed to pay $100,000 and "be suspended from practicing as an ...
Fifth Third to Pay $6.5 Million Over SEC Accounting Allegations - Wed, 04 Dec 2013
Fifth Third Bancorp (FITB) agreed to pay $6.5 million to settle U.S. regulatory claims that it made improper disclosures about commercial real estate loans during the financial market turmoil of 2008.
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