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How Fifth Third is likely to use extra cash on stock buybacks, dividends in wake of Fed decision

How Fifth Third is likely to use extra cash on stock buybacks, dividends in wake of Fed decision
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Fifth Third Bank's Major Racial Equity Commitment Includes Over $2 Billion to Help Black Homeownership and Businesses

(iStock.com/RiverNorthPhotography)
Taking some of its biggest steps ever to support Black Americans, Fifth Third Bancorp is committing nearly $3 billion to fight against racism.
Fifth Third Bank just announced that it will make the commitment over the next three years to help fortify diverse customers. Some $2.2 billion of the pledge by the Cincinnati-based bank will be used for lending and $500 million for investments.
Fifth Third Executive Vice President Kala Gibson (file)
Another significant step to address racial equality was the formation of an Executive Diversity Leadership Council (EDLC). Kala Gibson, the council’s executive sponsor, chief enterprise responsibility officer and head of Business Banking, stated, “We will continue to review policies and practices to evaluate where comprehensive improvements can be made so that the Bank’s employees, customers and communities are fully supported.” ....

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Fifth Third commits $2.8 billion to help lift underserved communities

Fifth Third commits $2.8 billion to help lift underserved communities
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Detailed text transcripts for TV channel - FOXNEWS - 20180205:20:03:00

that s what it s about. that s true. greg carmichael is the ceo of fifth third bank corp. a big bank. head quartered here in cincinnati. greg, please step up and tell us what you re doing with respect to all of those incredible workers. 14,000 of your employees that you re doing something very special for. i d like to hear it. thank you, greg. [applause] mr. president, thank you. thank you for everything you ve done for our nation and we thank you for your efforts and your leadership and bringing tax reform to america. at fifth third bank, we re feeling the effects of the tax benefit and working to pass the benefits on to our employees. immediately upon the announcement of the passing of the legislation, fifth third ....

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