Fifth Third cites $200M loan fraud as isolated case
Fifth Third Bank reported being the victim of fraud tied to a $200M asset-backed finance loan, estimating a $170M--$200M impairment charge in Q3. CEO Tim Spence said the incident a…
Fifth Third Bank reported being the victim of fraud tied to a $200M asset-backed finance loan, estimating a $170M--$200M impairment charge in Q3. CEO Tim Spence said the incident a…