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.


Is a new data war about to erupt?


PNC, Plaid and Venmo have been blamestorming over customer data-sharing issues of access, security and consent.


Not just speed: Data transfer another dividend of faster payments


The Clearing House argues that participants in payments transactions could share far more invoice information over its real-time network.


Mobile investments give banks a small-business trust bump


Taking a page from fintech competitors, banks have worked to enrich the small-business app experience.


PNC's Sally McCrady is helping children 'grow up great'


American Banker's community impact winner for 2019 has been the driving force behind the Pittsburgh bank's $500 million investment in early childhood education and development.


PNC on M&A, API call uptick, next in GSE reform: Top stories of the week


The Pittsburgh company is not interested in bank acquisitions, CEO Demchak says; why Citi, Wells, JPMorgan are seeing a spike in API calls; FHFA's Mark Calabria details next steps on GSE reform; and more from this week's most-read stories.


PNC’s indie incubator surfaces with two projects


The bank's innovation arm is developing a mobile-only account for gig-economy workers, and a real estate service to help companies analyze the long-term viability of properties.