PNC Financial Services Group

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 ordered to pay ex-employee $2.4M in sexual harassment case


A New Jersey jury has put banks and other businesses on notice about their liability for incidents involving clients who mistreat employees in the workplace.


Banks hope Ex-Im revival is shot in the arm commercial lending needs


Lenders that depend on the Export-Import Bank to back loans to exporters are already seeing business borrowing pick up after Congress reauthorized the agency in December.


Suddenly, expenses rising faster than revenue at regional banks


Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth.


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.


Labor shortage crimps demand for commercial loans, bankers say


Many business customers are putting off expansion because they can’t find enough workers to fill available jobs.


Threat of negative rates has banks setting floors on loans


Many lenders are establishing a firm bottom on variable interest rates amid intense competition for commercial credits, rising deposit costs and the possibility that the Fed could take rates to unprecedented lows.


Santander joins crowded field of online deposit gathering


The Boston bank’s online money market account won’t start until later next year, and many rivals have already beaten it to the punch. But the window for new entrants is still open provided they do certain things right, experts say.


PNC’s expansion yields dividends ahead of schedule, executives say


The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits.


U.S. Bancorp’s mortgage growth a good sign for banking


The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy.