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2Q Results

Fifth Third 2Q Profit Falls 78% After Year-Earlier Gain

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Fifth Third's second-quarter earnings fell a less-than-expected 78%, as year-earlier results were boosted by a big joint venture-related gain.

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
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