PNC Financial Services Group

PNC’s indie incubator surfaces with two projects

09/13/19

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.

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PNC not interested in bank acquisitions, CEO says

09/11/19

The Pittsburgh company is sticking with its plan to grow though expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.

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What's next for OnDeck after breakup with JPMorgan?

07/29/19

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership.

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Wells Fargo’s Parker downplays notion he'll get CEO job permanently

07/16/19

The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.

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Wells Fargo in talks to scratch one scandal off next CEO's list

05/31/19

Wells Fargo is in negotiations to settle a U.S. probe into procurement of low-income housing tax credits as its top lawyer tries to clean up issues before handing off the chief executive officer role.

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PNC to sell investment management assets for $52 million

05/07/19

The Pittsburgh bank says it is selling the assets to Federated Investors to focus its PNC Capital Advisors unit on providing outsourced services.

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Think a Comerica sale is off the table? Don't be so sure

04/24/19

Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank.

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PNC’s Demchak says he will not be Wells Fargo's next CEO

04/12/19

Asked during Friday's earnings call if he'd be interested in running the embattled bank, William Demchak said he will end his career at PNC. He also ruled out M&A.

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Commercial lending, fee businesses boost PNC's 1Q profits

04/12/19

The Pittsburgh company more than doubled its provision for loan losses during the first quarter to keep pace with growth in its loan portfolio.

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Banks explore ways to capitalize on tax law's 'Opportunity Zones'

03/26/19

Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.

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