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PNC
Latest Headlines
Latest Headlines
Judges increasingly contest foreclosure attempts
Judges in state courts are something of a wildcard in the foreclosure fiasco. Banks and service companies are no doubt hoping for some leniency in judicial states, where they now wade cautiously back into the foreclosure process. Signs are emerging, however, that more judges are willing to tak
Regional banks key to industry recovery?
As the carnage in the banking industry continues ( banking industry news), the FDIC could sorely use some help in taking over failing banks. Private equity firms have stepped up to a degree, but they are not seen as a perfect fit. The big banks aren't likely to step into the community bank game
Free checking to survive in altered forms?
We've been talking for some time about the possible "end of free checking." Many think that banks will be forced to add fees to cover the expected shortfall in the post-overdraft fee era. Bank of America ( NYSE: BAC ) certainly has a challenge on its hands as it figures all of this out.
S&P's pre-deal gaffe
This doesn't rank high on the list of massive compliance lapses we've seen elsewhere, but it does highlight the need for all companies to revisit their disclosure policies.
S&P had obviously been briefed on the deal calling for PNC to issue $3 billion in common shares and $2 billion in deb
Morgan Stanley in green building push
Not so long ago, Morgan Stanley released to the public "A Little Green e-Book," which was basically a pamphlet that extolled the virtues of the green movement. It offered "50 tips on how to make your life greener and help tackle climate change."
Some activists took the bank to task , su
The scapegoat in the Bank of America's CEO search?
What's really hampering the Bank of America's search for a new CEO? When PNC's William Demchak rejected an overture from a recruiter hired by the Bank of America board last week, he became merely the latest to do so.
This time around, the news leaked with concerns about money and government pa
A look at PNC's big green wall
Large banks, the likes of Citi ( C ), HSBC and Morgan Stanley ( MS ), have been only too happy to tout their green building initiatives. At some green buildings, a massive field of grass sits atop the building, but the idea of a green wall is also in vogue. And PNC is only too happy to
Using high-tech to combat low-tech theft
You know ID theft is a problem when it hits the likes of Fed chairman Ben Bernanke. We hear mainly about sophisticated phishers and hackers, but a lot of this is quite low-tech. Bernanke's wife had her purse stolen. In some cases, modern technology can be used to catch the bad guys.
Can Du
Regional banks' commercial woes
Banks hold some $1.8 trillion worth of commercial loans. Some big regional banks are heavily exposed. The likes of PNC, KeyCorp and BB&T have more than half their loan books in commercial loans, reports CNNMoney . This looms as the sector's biggest challenge as the economy continues to crea
Stress tests an opportunity for investment bankers?
The results of the stress tests are in, and bankers are poring over the details. The weak U.S. banks are, "eagerly looking for deal opportunities," reports the Financial Times . The overall results suggest strength, but some think the weak banks are prime pickings for the relatively few strong
