Fifth Third to raise $2 billion capital, cut dividend (Reuters)

[riky]

Fifth Third to raise $2 billion capital, cut dividend
    (Reuters)

 

Reuters - Fifth Third Bancorp , a large
U.S. regional bank, said on Wednesday it plans to raise at
least $2 billion in capital and slash its dividend 66 percent
to cope with mounting credit losses, causing its shares to fall
as much as 18.6 percent to their lowest level since 1995.


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