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MBoomer17

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MBoomer17

Re: None

Monday, 03/30/2009 12:21:23 AM

Monday, March 30, 2009 12:21:23 AM

Post# of 23113
FITB NEWS!!!

Fifth Third Bancorp and Advent International Announce Fifth Third Processing Solutions Joint Venture Processing Business Valued at $2.35 Billion
Monday March 30, 2009, 12:01 am EDT

...."The transaction is expected to contribute significantly to Fifth Third's retained earnings, capital levels and capital ratios, generating an expected pre-tax book gain of an estimated $1.7 billion and increasing Fifth Third's tangible common equity and Tier 1 capital by an estimated $1.2 billion."

Just my opinion...


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