Fifth Third buying Comerica for nearly $10B as regional banks aim to take on JPMorgan

Fifth Third Bancorp is buying Comerica for $10.9 billion in an all-stock deal, tying up two big regional banks. The buyout will create the 9th largest US bank with approximately $288 billion in assets, the companies said Monday. The combined company will have operations in the Southeast, Texas and California, and will greatly solidify Fifth Third’s position in the Midwest. It is anticipated that over half of Fifth Third’s branches will be...