Greg Carmichael

Court case reveals new details of fake-account allegations at Fifth Third

10/01/20

The bank has contends that the misconduct was widespread, but a whistleblower letter unearthed by the Consumer Financial Protection Bureau points to Chicago as a hotbed of customer abuse. "We are becoming a 'predatory' financial institution," the 2010 letter said.

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Fifth Third rethinks new-branch designs in light of coronavirus

04/21/20

The pandemic won’t halt the Cincinnati bank's plan to open about 100 branches in the Southeast, but features could be added to accommodate social distancing.

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Fifth Third ramps up hiring to speed efforts to help customers

04/07/20

The Cincinnati company will hire about 950 workers to meet heightened demand for loan deferrals and other forms of relief clients are seeking to weather the economic fallout of the coronavirus outbreak.

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Fifth Third branch openings could soon outnumber closings

01/22/20

While most banks are shrinking their branch networks, the Cincinnati bank is approaching the day where its branch expansion in the Southeast will more than offset closings in its legacy markets, its CEO says.

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‘It’s time to be cautious’: Fifth Third CEO

10/22/19

Amid concern that an economic downturn is approaching, Greg Carmichael said that banks need to focus on credit quality and not worry about expanding their balance sheets.

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Fifth Third is latest bank to raise its minimum wage

08/06/19

The Cincinnati regional bank says it will spend an extra $15 million a year to offer more competitive pay that it hopes will attract talented front-line employees.

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Regional banks use hedging tactics to combat rate cuts

07/23/19

KeyCorp, Regions Financial and others have sacrificed short-term profits to avoid being crushed by an anticipated decline in interest rates.

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Fifth Third CEO sees no need for digital-only bank

06/12/19

CEO Greg Carmichael said Wednesday that online-only banks "aren't relationship-based" and that Fifth Third would stick to its plan of attracting new depositors by selectively expanding into new markets.

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Which bank CEOs received the biggest raises in 2018?

03/17/19

Jamie Dimon remains the highest-paid chief executive, but his 5% pay raise was smaller than that of at least five of his counterparts. Here's what CEOs of 13 large and regional banks earned last year, based on recent proxy filings.

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Fifth Third eyes middle market in Texas, Colorado

01/22/19

CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.

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