PNC news from FierceFinance

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... Read more...

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,... Read more...

CEO: James E. Rohr Purchase Date: 12/31/08 Amount: $7,579,200,000 Repayment Status: Has yet to apply for repayment. Related Articles:10 banks will need to raise capitalCommercial loans to hit... Read more...

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... Read more...

Reuters reports that 10 of the 19 banks being subjected to stress tests will be told by the Treasury they need to raise capital. The banks on the list have so far not been made public, though there... Read more...

The Financial Times reports than both Bank of America and Citigroup are working on plans to raise up to $10 billion more in capital. That is the amount the so-called stress tests have determined they... Read more...

Judging by bank stock indexes, investors feel that good times are just around the corner. But Business Week notes that when it comes to regional banks, there's a whole class of institutions that may... Read more...

We noted a while back that the Treasury Department faced a daunting task in choosing which securities to buy as part of the TARP. We suggested it would need lots of help. We can say the same for the... Read more...

All along, Treasury officials have been stressing that banks receiving TARP funds should be lending it. How else will the funds ease the credit crunch? Now, even the White House is telling TARP bank... Read more...

The government is encouraging all banks that receive TARP funds to use the money and not just sit on it. Which is reasonable enough. But the deal for National City by PNC, which was made possible by... Read more...