CFO: Fifth Third loan quality solid, should improve soon

Fifth Third Bancorp?s loan quality is in solid shape and should show major improvement soon, its CFO told investors Wednesday. Dan Poston, chief financial officer for Fifth Third, told analysts and investors at the Deutsche Bank Global Financial Services Investor Conference in New York that Fifth Third acted sooner than most other banks to deal with its credit problems. Most of those stemmed from its loans in Michigan and Florida, two states whose economies got hit earlier in the crisis than many other...

Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/8PfPfWj93tE/cfo-fifth-third-loan-quality-solid.html

fasspasstv