PNC Financial Services Group

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.


PNC not interested in bank acquisitions, CEO says


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.


What's next for OnDeck after breakup with JPMorgan?


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.


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


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.


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


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.


PNC to sell investment management assets for $52 million


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


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


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.


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


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.


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


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


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


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.