Two Banks Unveil Capital-Raising Plans

Fifth Third Bancorp (FITB: 7.07 +1.73%) and Huntington Bancshares (HBAN: 4.24 -1.40%) revealed late Wednesday capital-raising action plans.

After failing to successfully endure the government’s stress tests, meant to evaluate the potential performance of the nation’s 19 largest banks under more severe economic conditions, Fifth Third was told on May 7 it must raise a capital buffer in sum of $1.1bn.