Latest news with #FifthThirdBancorp
Yahoo
23-05-2025
- Business
- Yahoo
Fifth Third Bancorp to Participate in the Morgan Stanley U.S. Financials Conference
CINCINNATI, May 23, 2025--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2025 Morgan Stanley U.S. Financials Conference on June 10, 2025, at approximately 7:30 AM ET. Bryan Preston, executive vice president and chief financial officer, will represent the Company. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations section of Additionally, any slides used in the presentation will be made available in a printer-friendly format on the Company's website. About Fifth Third Bancorp Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at Category: Conferences View source version on Contacts Matt Curoe (Investor Relations) | 513-534-2345 Jennifer Hendricks Sullivan (Media Relations) | 614-744-7693 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
23-05-2025
- Business
- Business Wire
Fifth Third Bancorp to Participate in the Morgan Stanley U.S. Financials Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2025 Morgan Stanley U.S. Financials Conference on June 10, 2025, at approximately 7:30 AM ET. Bryan Preston, executive vice president and chief financial officer, will represent the Company. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations section of Additionally, any slides used in the presentation will be made available in a printer-friendly format on the Company's website. About Fifth Third Bancorp Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol 'FITB.' Investor information and press releases can be viewed at Category: Conferences
Yahoo
20-05-2025
- Business
- Yahoo
Fifth Third Plans More Crypto After Five Years Studying Assets
(Bloomberg) -- Fifth Third Bancorp. began forging relationships with crypto companies about five years ago, but held off on major investments until regulation became clearer. That moment has arrived, according to the bank's head of strategy. As Coastline Erodes, One California City Considers 'Retreat Now' How a Highway Became San Francisco's Newest Park Maryland's Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYC Power-Hungry Data Centers Are Warming Homes in the Nordics The firm is considering ways it can do more crypto business after building a small portfolio of customers which use its deposit accounts and payments capabilities for operations like sending payroll and receiving revenue, chief strategy officer Ben Hoffman said. The Cincinnati-based lender is also exploring using stablecoins to facilitate cross-border transactions, helping cut costs and make the process of transmitting value more efficient, according to Hoffman. The company, which has significant payments operations, would additionally like to connect with other payments rails that allow consumers to pay for purchases with crypto and trade digital assets. Since around 2020, Fifth Third has been designing offerings for crypto firms, but like other banks was waiting for clarification in regulations before making big moves, according to Hoffman. Since Donald Trump took power, his administration has enabled policies that benefit the industry and appointed digital-asset advocates to key government positions while also pursuing his own crypto businesses. 'It became clear that this was the right time to engage and fortunately we've had a team of folks actively studying and tinkering in this space,' Hoffman said in an interview. Banking sentiment on the asset class had also soured amid the fallout from the failure of crypto exchange FTX in 2022, which ultimately led to the demise of crypto-friendly lender Silvergate. Now, with the industry maturing, some of America's largest banks are plotting how to win more business under the more relaxed regime. In early March, Office of the Comptroller Currency acting head Rodney Hood clarified that banks can engage in crypto-asset custody, certain stablecoin activities, and using blockchain technology for payments — activities which previously required they get written approval. Hoffman said Fifth Third, which has more than $200 billion of assets and is primarily regulated by the OCC, has a team of full-time employees dedicated to digital assets. They collaborate with each business line and corporate functions such as treasury, liquidity management and compliance. It's a 'whole bank effort,' he said. Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race As Nuclear Power Makes a Comeback, South Korea Emerges a Winner Tariffs Won't Reindustrialize America. Here's What Will ©2025 Bloomberg L.P.
Bloomberg
16-05-2025
- Business
- Bloomberg
Fifth Third Plans More Crypto After Five Years Studying Assets
Fifth Third Bancorp. began forging relationships with crypto companies about five years ago, but held off on major investments until regulation became clearer. That moment has arrived, according to the bank's head of strategy. The firm is considering ways it can do more crypto business after building a small portfolio of customers which use its deposit accounts and payments capabilities for operations like sending payroll and receiving revenue, chief strategy officer Ben Hoffman said.
Associated Press
28-04-2025
- Business
- Associated Press
Fifth Third Recognized on Forbes List of the World's Best Banks 2025
CINCINNATI, April 28, 2025 /3BL/ - Fifth Third (Nasdaq: FITB) has been recognized as one of the World's Best Banks 2025 by Forbes and Statista Inc. The ranking recognizes the best banks in 34 countries based on an independent survey sample of more than 50,000 consumers. 'Fifth Third puts our customers at the center of what we do, and we continue to focus on our priorities of stability, profitability and growth – in that order. These priorities have positioned Fifth Third to be recognized as one of Forbes' World Best Banks 2025,' said Jamie Leonard, chief operating officer at Fifth Third. 'This recognition underscores our unwavering commitment to earning consumer trust and addressing our clients' everyday financial needs.' The World's Best Banks list aims to showcase the banks across the world that provide guidance and transparency in the banking market and meet the needs of customers. All financial institutions (e.g., brick-and-mortar banks, online-only banks) offering a checking and/or savings account were considered in the study. Survey participants evaluated banks where they have or previously had a checking or savings account on several criteria: Trust, Terms & Conditions, Customer Service, Digital Services and Financial Advice. Based on the customer evaluations a score was calculated for each bank. In every country, the banks with the highest score in their respective countries were awarded. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust. Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol 'FITB.' Investor information and press releases can be viewed at Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC. Visit 3BL Media to see more multimedia and stories from Fifth Third Bancorp
