Fifth Third technology spending increased 5% year over year

Fifth Third Bank’s overall non-interest expenses increased in the third quarter due to higher technology and communications spending. The $214 billion bank reported noninterest expenses of $1.24 billion in the third quarter, an increase of $23 million from the second quarter, due to continued investments in technology and branches, according to an earnings supplement released today. It amounted to 1 million dollars. (…)