Fifth Third

Jude Schramm said upgrades to the bank's tech stack have helped generate $200 million in annual run-rate savings.

Fifth Third's Newline has landed Stripe, ADP and Trustly as clients by offering something rare: a big bank with no competing products.

The interconnectedness of banking enables team-led innovation to capitalize on enterprise challenges at enterprise scale—faster, with lower risk, and greater likelihood of adoption.

The Cincinnati bank's Newline business is now its fastest growing commercial payments segment.

In the 11 months after Fifth Third completes its acquisition of Comerica, the Cincinnati bank plans to send 13 million-to-14 million pieces of paper mail to retail customers. CEO Tim Spence says the old-fashioned method "still works," and actually has some advantages over more modern modes of communication.

The Dallas bank turned down another offer because it thought it could get a higher price from Fifth Third, and also could ink an agreement faster, according to Comerica's latest regulatory filing.

Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.

The regulator signed off on the transaction just two months after the banks applied to merge.

The largest bank deal to be announced in 2025 is still on track to close in the first quarter of next year, Fifth Third CEO Tim Spence said. His comments came amid opposition to various aspects of the deal, as well as how it came together and the timeline for closing the transaction.

Brex is powering Fifth Third's commercial card issuance in a move that boosts the fintech's distribution network and provides the bank with a more competitive commercial card proposition.

The Cincinnati, Ohio-based bank delivered third-quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.

Fintechs and banks are rapidly placing checkout inside apps, e-commerce sites and travel services, standing on the shoulders of a new generation of artificial intelligence and data science to revolutionize customer experience. Some of the bank executives leading the charge spoke with American Banker about the innovation's potential.

Chayt said the bank has been able to onboard customers "at the speed of fintech" rather than "the speed of banking."

Rohrkemper attributes her success at the bank to her engineering and teamwork mindset.

The Treasury Department has designated Fifth Third as the financial agent for its Direct Express prepaid card program. The decision marks a reversal from late last year, when BNY reached a five-year agreement with Treasury.

The Ohio-based bank opened its first branch in Alabama, with plans to open 14 more over the next three years.

As the crypto-friendly GENIUS Act winds its way through Congress, executives at some of the nation's largest banks are showing a newfound enthusiasm for stablecoins.

The Cincinnati-based bank has partnered with the fintech Trust & Will to make estate planning easy, accessible — and free.

Fifth Third Bancorp revised its guidance, but still expects record net interest income for 2025, even as commercial clients signal that economic volatility will drive up inflation.

King, who spent 24 years at M&T Bank and departed with little explanation, will lead Fifth Third's operations in middle market commercial banking and wealth management.