PNC news from FierceFinance
News
An interesting look at the home equity loan bubble
The New York Times offers a snap history of home equity loans, which used to be known as second mortgages, via the many memorable ads the banking industry churned out. Citigroup's "Live Richly" Read more...
Banks bet on stadium sponsorships
Does Citi Field have the same ring as Shea Stadium? Well, it likely depends on who you are. Mets loyalists may grumble. But for the bank, it's a nice, albeit expensive, marketing move. Business Week Read more...
ALSO NOTED: Another deal in trouble: Bell Canada; Blackstone reaps investment funds as performance tumbles; and much more...
Company News:> Blackstone reaps investment funds as performance tumbles. Article> Read more...
ALSO NOTED: Wachovia to take big charge due to court ruling; Och-Ziff founder fares well; and much more...
Company News: > Wachovia to take big charge due to court ruling. Article > Analysts sour more on Countrywide. Read more...
ALSO NOTED: Morgan Stanley CFO says firm cut exposure in first quarter; Lehman Brothers shorts taking a bath?; and much more...
Company News: > S&P no longer reviewing Morgan Stanley. Article > Lehman Read more...
ALSO NOTED: Is the worst now over for investment banks?; No acquisitions for Wachovia this year; and much more...
Company News:> No acquisitions for Wachovia this year. Article> Wachovia, Visa renew partnership. Read more...
SPOTLIGHT: PNC vs. Wachovia in Broker War
PNC has sued Wachovia, saying it illegally tried to recruit PNC brokers to gain access to their customers. Wachovia allegedly sent letters to 250 employees, suggesting that PNC would go out of Read more...
Earnings anxiety worsens for Bank of America, others
Bank of America, joined by PNC and Wachovia, added to the 4Q earnings anxiety by announcing that losses would be even bigger than expected. Bank of America said last month it would take CDO-related Read more...
ALSO NOTED: Thain gets a $15 million signing bonus; Does Thain news mean no more writedowns for Merrill?; and much more...
Company News:> Thain gets a $15 million signing bonus. Article> PNC to sell Hilliard Lyons. Read more...