USAA's OCC fine, Citi mum on risk rehab, no digital bank for PNC: Top stories of the week


USAA's regulatory troubles now include OCC fine, CRA downgrade; Citi CEO Michael Corbat and CFO Mark Mason dodged questions on cost of risk overhaul; PNC unlikely to buy a digital bank, CEO Demchak says; and more from this week's most-read stories.


PPP guidance, Santander's settlement, Wells' virus response: Top stories of the week


The SBA and Treasury Department release more guidance on PPP loan forgiveness; Santander Consumer reaches $550M settlement with state AGs; how Wells Fargo's tech chief is managing coronavirus response; and more from this week's most-read stories.


PNC seeks ‘bulletproof’ balance sheet; hard-hit bank stocks rebound


The regional wants to “play offense” with the proceeds of its $17 billion BlackRock stake; shares of some bank shares jumped 6% Thursday but remain well behind the rest of the market.


Lawsuit alleges PNC built payments product with stolen trade secrets


A Denver company says that the $410 billion-asset bank used its confidential information to create a copycat product and poach its customers. PNC is contesting the allegations.


PNC learns the downside of paying cash bonuses to new customers


CEO William Demchak said the bank has witnessed "a lot of mischief" among customers who open checking accounts to collect bonuses and then never use the accounts again.