Fed approves Fifth Third-Comerica deal

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AI Summary

The Federal Reserve has approved the Fifth Third-Comerica merger; Comerica investor HoldCo Asset Management had opposed the deal. The approval makes Fifth Third a Category III bank.

Texas Relevance

No explicit mention of Texas, TX, TCUD, or any Texas-specific entities in the article.

Original Content

The green light, 99 days after proposal, will make Fifth Third a Category III bank – and comes despite an intense campaign by Comerica investor HoldCo Asset Management.