ADVFN - Advanced Financial Network.
HOME» NYSE » F » FII Stock Price » FII Stock News

Federated Investor Share News

 Federated Investors (pa) Stock Price
FII Stock Price
 Federated Investors (pa) Stock Chart
FII Stock Chart
 Federated Investors (pa) Stock News
FII Stock News
 Federated Investors (pa) Company Information
FII Company Information
 Federated Investors (pa) Stock Trades
FII Stock Trades

Fifth Third Says Federated Investors Acquiring $5 Billion Of Money Market Assets

DOW JONES NEWSWIRES Fifth Third Bancorp (FITB) said its asset management arm will shed some assets, including roughly $5 billion of money market assets being acquired by investment manager Federated Investors Inc. (FII). Under Fifth Third's deal with the firm, the money market assets will be reorganized from four Fifth Third money market funds into four existing Federated money market funds with similar investment objectives. The transaction, expected to be completed in the third quarter, isn't seen having a material impact on Fifth Third's results. "This action reduces risk and moves us more closely to trusted advisor status by being able to offer clients a broader choice of investment products," said Chief Executive Kevin T. Kabat. Also Thursday, the bank said Touchstone Advisors, a mutual fund unit of Western & Southern Financial Group Inc., will acquire the assets of 16 of its mutual funds. Fifth Third Asset Management's affiliated investment mangers will continue as sub-advisors for some of the funds. The moves come after Fifth Third saw its request to raise its dividend and begin buying back shares rejected by the Federal Reserve last month following completion of the regulator's latest "stress tests" for the nation's largest banks. Fifth Third at the time declined to say why the Fed objected, citing regulatory reasons, but said it would resubmit the plan "as soon as practicable." Shares were recently up 6 cents to $14.54. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Federated Investor (FII)
DateTimeHeadline
09/05/201412:52:21U.S. Stocks Turn Higher
09/05/201411:46:20U.S. Stocks Slip After Jobs Report
09/03/201414:37:49U.S. Stocks Mixed as Tech Shares Decline
09/03/201412:35:55Tech Declines Cut Into U.S. Stock Market Gains
06/12/201414:51:30U.S. Stocks Fall to Session Lows
11/15/201306:57:25Millennium Management 3Q 13F: Largest Eliminations
11/15/201306:57:17Millennium Management 3Q 13F: Largest Purchases
11/15/201306:57:17Millennium Management 3Q 13F: Largest Sales
11/15/201306:57:17Millennium Management 3Q 13F: Largest Eliminations -2-
12/20/201220:22:12S&P: AbbVie to Replace Dell on S&P 100
07/06/201217:50:18Firms Close Some European Funds to New Investment
06/27/201214:20:05Dexia in Final Talks for Sale of Asset Management Unit
06/21/201215:20:09Money Funds Need More Reforms, SEC's Schapiro Says
06/20/201218:00:07Money Market Fund Industry Says Regulation a Threat
06/20/201217:34:09Money Market Fund Industry Participants Say Regulation, Bank...
05/30/201220:53:30Dexia Asset Management Attracts More Interest: Sources - Reuters
04/05/201210:27:17Fifth Third Says Federated Investors Acquiring $5 Billion Of...
04/28/201118:39:34Federated Investors 1Q Net Income Down 21% On Legal Expenses
02/28/201109:12:06MUTUAL FUNDS:Deciding Between The Fund And The Fund Co.'s Stock
08/18/201014:19:07Mutual Fund Firms Stagger Back From Lows Seen During Crisis

Federated Investor and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad