Fifth Third reaches $6.5M settlement with SEC over disclosures

12/5/2013 | Bloomberg · Reuters

Fifth Third will pay $6.5 million to settle allegations by the Securities and Exchange Commission that the bank improperly classified commercial real estate loans during the financial crisis. Additionally, the bank's former chief financial officer, Daniel Poston, will pay a fine of $100,000 and be suspended for a year from practicing accounting at any publicly traded company.

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Bloomberg · Reuters

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