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Fifth Third to pay $6.5 million to settle SEC accounting charges

( December 4, 2013, 19:46 GMT | Official Statement) -- MLex Summary: Cincinnati-based Fifth Third bank will pay $6.5 million and former chief financial officer Daniel Poston will pay $100,000 for improper accounting of commercial real estate loans during the financial crisis, according to a US Securities and Exchange Commission statement. The SEC also suspended Poston from practicing as an accountant on behalf of any publicly traded company.Statement follows in full. ...

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