The annual meeting of Fifth Third shareholders took place on April 15, 2008. Kevin Kabat, the President and CEO, discussed the difficult economic environment characterized by a weak housing market, rising unemployment and declining consumer spending. Fifth Third has taken steps to mitigate credit risks, including tightening underwriting standards. Despite challenges, Fifth Third has comparatively outperformed peers in areas such as loan growth, fee income growth and efficiency. Kabat emphasized Fifth Third's operating strengths, including its integrated business model and focus on customer satisfaction, and outlined its commitment to building a better future.
State of the U.S. Online Retail Economy in Q2 2010 comScore
comScore Chairman Gian Fulgoni presents his quarterly review of the state of the U.S. online retail economy during this webinar from Thursday, August 19. This installment includes an overview of e-commerce trends in the second quarter of 2010 and survey findings that highlight consumer sentiment about the current state of the economy.
State of the U.S. Online Retail Economy in Q2 2010 comScore
comScore Chairman Gian Fulgoni presents his quarterly review of the state of the U.S. online retail economy during this webinar from Thursday, August 19. This installment includes an overview of e-commerce trends in the second quarter of 2010 and survey findings that highlight consumer sentiment about the current state of the economy.
Presentation, Economic Outlook for 2013 and Beyond, presented by Michael Brown, Wells Fargo Securities, presented at Winter 2012 NCLGBA Conference, 12/7/12
Presentation by Meyer Shields, Managing Director Stifel, Nicolaus & Company, Inc. to the 66th Annual Fowler Seminar on Oct 12 2012 titled Equity Analyst’s View on Insurance
Optimum ventures - Bevo Agro - Take Private ProposalBen Cappellacci
This is a preliminary round presentation deck for the UBC Finance Club Pacific Venture Capital Competition. It was created by Ben Cappellacci, Chris Fenn, Raena Kai and Scott Redwood.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. Annual Meeting of Fifth Third Shareholders
April 15, 2008
Kevin Kabat, President & CEO
Fifth Third Bank | All Rights Reserved
2. Agenda
Difficult economic environment
Credit mitigation
Comparative outperformance
Operating strengths
Building a better tomorrow
2 Fifth Third Bank | All Rights Reserved
3. Difficult environment
Labor market
6.00% Retail and consumer spending
6.00%
5.00% 5.00%
4.00% 4.00%
3.00% 3.00%
2.00%
2.00%
1.00%
1.00%
0.00%
0.00%
10 Yr. Avg. Last 6 Mos. 2008 F
10 Yr. Avg. Last 6 Mos. 2008 F
Consumer Spending (Annual) Retail Sales (Annual)
GDP Unemployment
Retail sales and consumer spending levels effect
Unemployment is expected to approach 6% in 2008 with
continued talk of recession. A prolonged recession will
Detroit approaching 9%.
increase loss assumptions for 2009 and beyond.
50.00% 6.00%
Interest rate market
Housing market
40.00% 5.00%
30.00%
4.00%
20.00%
3.00%
10.00%
2.00%
0.00%
1.00%
-10.00%
-20.00% 0.00%
10 Yr. Avg. Last 6 Mos. 2008 F 10 Yr. Avg. Last 6 Mos. 2008 F
Growth in Foreclosures as % of Total Loans Housing Price Appreciation (Annual) Fed Funds Spreads (Bank Sub Debt)
Foreclosures will more than double 2007’s elevated levels and While the Fed is aggressively reducing rates to bolster
housing depreciation will significantly impact losses on these markets, credit spreads continue to widen.
foreclosures.
Current banking environment has severely deteriorated. 2008 looks to be the banking industry’s
worst year in the past two decades.
3 Fifth Third Bank | All Rights Reserved
4. Difficult environment
Housing prices have declined significantly in many parts of our footprint
Map from Global Insight/National City Corporation
4 Fifth Third Bank | All Rights Reserved
5. Difficult environment
2007 foreclosure rates Foreclosure rates by state
Nevada
1 3.38
Florida
2 2.00
Michigan
3 1.95
California
4 1.92
Colorado
5 1.92
Ohio
6 1.80
Georgia
7 1.57
Arizona
8 1.52
Illinois
9 1.25
Indiana
10 1.03
Our footprint has experienced very high foreclosure rates during 2007, most notably in
Florida, Michigan, and Ohio
Source: Realty Trac
5 Fifth Third Bank | All Rights Reserved
6. 2007 total return
(change in price plus dividends)
10.00%
0.00%
-10.00%
-20.00%
MI: -29%
-30.00% S&P banks: -30%
HBAN: -34%
FITB: -35%
KEY: -36%
-40.00%
-50.00%
NCC: -53%
-60.00%
12/06 03/07 06/07 09/07 12/07
6 Fifth Third Bank | All Rights Reserved
7. Credit containment
Fifth Third has consistently maintained conservative underwriting
standards throughout all credit cycles.
Geographic and economic issues have required aggressive management
action
Eliminated all brokered HELOC production
Suspended all new developer lending
Significantly tightened underwriting limits and exception authorities
Centralized all credit approvals
Major expansion of commercial and consumer workout teams
Aggressive write downs in stressed geographies
Significant addition to reserve levels
Direct executive management oversight of every major credit decision
Fifth Third has moved aggressively to stay ahead of emerging credit issues
7 Fifth Third Bank | All Rights Reserved
8. Credit containment
Fifth Third has developed and implemented targeted strategies to help our
customers who are experiencing financial difficulties. Options include:
— Refinancing – saleable or on balance sheet
— Rate reductions, term extensions and loss mitigations
Loss mitigation strategies have been enhanced as follows:
— Payment affordability – expanded payment reduction options
including:
– Rate reductions
– Interest and fees waivers
– Principal balance reductions (temporary or permanent)
– Suspension of penalty interest assessed after
delinquency grace period.
8 Fifth Third Bank | All Rights Reserved
9. Peer performance summary
Large
Midwest 2007
FITB bank
peers (3) performance
peers (2)
2007
2007 vs. peers
2007
Average core deposit
3% 1% 1% Outperformed
growth
Average loan growth 7% 5% 6% Outperformed
NII growth 5% 2% 1% Outperformed
Operating fee growth(1) 9% 3% 6% Outperformed
Operating efficiency ratio(1) 56.4% 58.7% 58.6% Outperformed
Operating ROE(1) 14.3% 10.0% 10.0% Outperformed
NPA growth 134% 142% 133% In line
Continue to outperform on key value drivers; credit challenging
(1) Excludes certain previously reported one-time charges from fee growth, efficiency ratio, and ROE . Reported fee growth was 23%, reported efficiency ratio was 60.2%, reported ROE was 11.2%.
(2) Large bank peer average consists of BBT, CMA, HBAN, KEY, MTB, MI, NCC, PNC, RF, STI, USB, WB, WM, WFC and ZION; for peer deposit, loan, NPA,
and fee comparisons, excludes HBAN, NCC, PNC, RF, WB and WFC due to significant impact of acquisitions.
(3) Midwest peer average consists of HBAN, KEY, MI, CMA, NCC and USB, except where outlined above.
Source: SNL and company reports
9 Fifth Third Bank | All Rights Reserved
10. Strong underlying performance
(CAGR: 2007 vs. 2003: per share)
Fifth Peer Midwest
Third Group2 Peers3
Loan growth 13% 9% 8%
Core deposit growth 9% 6% 4%
Processing fee growth(1) 16% 14% N/A
Credit card loan growth 22% 19% 17%
Operating efficiency ratio(1) 56.4% 58.7% 58.6%
Operating ROE(1) 14.3% 10.0% 10.0%
1 Excludes certain previously reported one-time charges from fee growth, efficiency ratio, and ROE: reported efficiency ratio was 60.2%, reported ROE was 11.2%.
2 Median of large bank peers; median revenue growth of seven processing companies (CEN, DST, PAYX, ADS, FISV, GPN, TSS);
3 Average of large Midwest peers (NCC, HBAN, MI, KEY, CMA, USB).
Source: SNL Financial; data shown per share to adjust for effect of acquisitions.
10 Fifth Third Bank | All Rights Reserved
11. Strong tangible capital position
Tangible common equity as
% of tangible assets
9.01%
7.99%
6.46%
Target : 6-6.5%
6.03% 6.02% 5.99%
5.88%
5.70%
5.47%
5.27%
4.95% 4.90%
4.81% 4.74%
4.61%
4.22%
3.98%
3.65%
2.93%
MI CMA KEY FITB WFC STI RF ZION BBT NCC MTB JPM HBAN USB PNC WM WB BAC C
Peer group: U.S. banks sharing similar geography or debt ratings.
11 Fifth Third Bank | All Rights Reserved
Source: SNL
12. Fifth Third differentiators
Integrated affiliate delivery model
Aggressive sales culture
Operational efficiency
Streamlined decision making
Integrated payments platform (FTPS)
Acquisition integration
Customer satisfaction
12 Fifth Third Bank | All Rights Reserved
13. University of Michigan – ACSI survey
Surveyed customers of large U.S. banks
79 2007 key actions
Financial center service
optimization initiative launched
Wachovia
Added KDI component to new
74 74
Fifth Third incentive compensation plan
72 Chase
Implemented a consistent
B of A process and support tools for
69 Wells
69 handling customers problems at
the financial centers and call
Citigroup
center
Created a central escalation
team to manage problems that
cannot be resolved immediately
2007
*Fifth Third Bank engaged the American Customer Satisfaction Index (ACSI) in custom research projects surveying Fifth Third Bank customers in the 4th quarter of 2007. In the surveys, ACSI
used the same statistical methodology as the independently measured banks, Wachovia, Bank of America, Chase, Wells Fargo, and Citigroup
13 Fifth Third Bank | All Rights Reserved
14. Geographic diversification
First quarter 2004 Today*
Traverse
Traverse City
City
Grand Rapids
Grand Rapids
Detroit
Detroit
Chicago
Chicago Toledo Cleveland
Toledo Cleveland Pittsburgh
Columbus
Columbus
Indianapolis
Indianapolis
Cincinnati
Cincinnati Huntington
Florence
Florence
St. Louis Evansville Louisville
Evansville Louisville
Lexington
Lexington
Raleigh
Nashville
Charlotte
15 branches in Florida Atlanta
Augusta
1Q04 Today*
Jacksonville
Assets $94B $116B
Deposits $55B $79B Orlando
Tampa
Banking centers 960 1,296 Fifth Third’s current footprint Naples
First Charter (subject to regulatory
# of states with branches 6 12 approval)
First Horizon branches (pending)
* Pro forma as of 12/31/07 for pending acquisitions
14 Fifth Third Bank | All Rights Reserved
15. Fifth Third: building a better tomorrow
Consistently outperform the U.S. banking industry
Deliver growth in excess of industry
Enhance the customer experience
Increase employee engagement
Institutionalize enterprise operational excellence
15 Fifth Third Bank | All Rights Reserved
16. Cautionary statement
This report may contain forward-looking statements about Fifth Third Bancorp and/or the company as combined acquired entities within
the meaning of Sections 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and 21E of the Securities
Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. This report may
contain certain forward-looking statements with respect to the financial condition, results of operations, plans, objectives, future
performance and business of Fifth Third Bancorp and/or the combined company including statements preceded by, followed by or that
include the words or phrases such as “believes,” “expects,” “anticipates,” “plans,” “trend,” “objective,” “continue,” “remain” or similar
expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may” or similar expressions. There are
a number of important factors that could cause future results to differ materially from historical performance and these forward-looking
statements. Factors that might cause such a difference include, but are not limited to: (1) general economic conditions and weakening in
the economy, specifically the real estate market, either national or in the states in which Fifth Third, one or more acquired entities and/or
the combined company do business, are less favorable than expected; (2) deteriorating credit quality; (3) political developments, wars or
other hostilities may disrupt or increase volatility in securities markets or other economic conditions; (4) changes in the interest rate
environment reduce interest margins; (5) prepayment speeds, loan origination and sale volumes, charge-offs and loan loss provisions; (6)
our ability to maintain required capital levels and adequate sources of funding and liquidity; (7) changes and trends in capital markets; (8)
competitive pressures among depository institutions increase significantly; (9) effects of critical accounting policies and judgments; (10)
changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory
agencies; (11) legislative or regulatory changes or actions, or significant litigation, adversely affect Fifth Third, one or more acquired
entities and/or the combined company or the businesses in which Fifth Third, one or more acquired entities and/or the combined company
are engaged; (12) ability to maintain favorable ratings from rating agencies; (13) fluctuation of Fifth Third’s stock price; (14) ability to attract
and retain key personnel; (15) ability to receive dividends from its subsidiaries; (16) potentially dilutive effect of future acquisitions on
current shareholders' ownership of Fifth Third; (17) effects of accounting or financial results of one or more acquired entity; (18) difficulties
in combining the operations of acquired entities; (19) ability to secure confidential information through the use of computer systems and
telecommunications network; and (20) the impact of reputational risk created by these developments on such matters as business
generation and retention, funding and liquidity. Additional information concerning factors that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements is available in the Bancorp's Annual Report on Form 10-K for the year
ended December 31, 2007, filed with the United States Securities and Exchange Commission (SEC). Copies of this filing are available at
no cost on the SEC's Web site at www.sec.gov or on the Fifth Third’s Web site at www.53.com. Fifth Third undertakes no obligation to
release revisions to these forward-looking statements or reflect events or circumstances after the date of this report.
16 Fifth Third Bank | All Rights Reserved
17. Annual Meeting of Fifth Third Shareholders
April 15, 2008
Fifth Third Bank | All Rights Reserved