Items Tagged with 'Fifth Third Bank'

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  • Fifth Third Bank app combats student debt

    Customers paid off $1 million in student debt by rounding up debit card purchases
    The weight of student debt can often be paralyzing, however, an app launched by Fifth Third Bank has reportedly freed up $1 million worth of loan debt for its customers. The Fifth Third Momentum is available to any Fifth Third debit card user and can be used with more than 30 major student-loan servicers, both public and private.
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  • Fifth Third Bancorp to buy MB Financial for $4.7 billion

    Fifth Third is buying out MB Financial's shareholders for $4.7 billion
    Fifth Third Bancorp announced today it is merging with Chicago-based MB Financial. Fifth Third has been investing heavily in the Chicago area during the last two years, and this is the bank's latest move in its push for Chicago investments.
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  • Fifth Third Bank promotes Phillip McHugh to head of consumer bank

    Replacing Chad Borton, who is leaving for USAA Federal Savings Bank
    Fifth Third Bancorp announced recently that it is promoting Phillip McHugh to become the bank’s new head of its consumer bank, which includes retail banking, mortgage, auto lending, business banking, collections and credit centers. McHugh is replacing Chad Borton, who is leaving Fifth Third to become president of USAA Federal Savings Bank, the bank said.
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  • Fifth Third to pay $85 million for faulty FHA mortgages

    Bank admits to failing to self-report defective mortgages
    Fifth Third Bancorp will pay $85 million as a part of settlement with the federal government over allegations that the bank failed to self-report mortgages it knew to be defective, causing millions of dollars in losses to the Department of Housing and Urban Development.
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  • Ex-Fifth Third banker starts mortgage-bond hedge fund

    Cincinnati Business Courier takes a look at Mariemont Capital
    Meet Kevin Taylor. In 2013, he left his position running mortgage-backed securities trading desk at Fifth Third Bank to start Mariemont Capital. And according to a report from the Cincinnati Business Courier, Taylor is finding success investing in residential mortgage bonds and delivering big returns for his investors.
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  • Fifth Third gets first 5 Star Award from Fannie

    Servicing gets accolades as company moves out of lending
    Fifth Third Bank is the first servicer to get the first Five Star designation from Fannie Mae, the first firm to get the highest distinction for a servicer since the program was started in 2011.
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