News Topic: PNC

Neptune Financial, an online business lender, will help the global bank reach commercial customers it was missing before and could ultimately be a $1.5 trillion opportunity, an HSBC executive says. ... Read full article

PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected. ... Read full article

The Pittsburgh-based PNC said Monday that it would buy the Allentown-based firm that provides balance sheet management, investment banking and capital markets services to financial institutions. ... Read full article

Proponents of real-time payments systems say banks must embrace them given consumer demand for more immediacy and transparency, even if criminals will try to exploit them. ... Read full article

Heightened competition from nonbanks, the rise of populism and the uncertainty surrounding Libor’s demise are just some of the short- and long-term threats facing big banks, risk executives say. ... Read full article

Wells Fargo puts two top execs on leave as scandal's reach grows; regional banks freed from SIFI label lobbying regulators hard for more relief; FDIC to launch innovation office to help banks compete with fintechs; and more from this week's ... Read full article

Executives are reluctant to pull back on their big investments in technology, arguing they must stay competitive and that they have flexibility in other areas to trim costs if growth begins to stagnate. ... Read full article

For bankers and network providers, it’s a given that moving to a real-time payment system like Zelle will lead to an increase in fraud attempts. Here's a look at the ways they're fighting back. ... Read full article

The 2018 Most Powerful Women in Banking festivities kicked off Wednesday night with cocktails and conversation at the Alley Cat Amateur Theater in New York's Financial District. ... Read full article

PNC's Todd Barnhart, incoming Consumer Bankers Association chair, says the group is concentrating on the impending process of modernizing the Community Reinvestment Act among other issues that do not require action on Capitol Hill. ... Read full article

The bank said it has received subpoenas related to low-income housing tax credits; write-offs of bad credit card debt creep up. ... Read full article

During earnings calls, bankers welcomed the latest efforts by regulators to modify capital rules. JPMorgan Chase CFO Marianne Lake, meanwhile, called on policymakers to focus on overhauling the G-SIB surcharge. ... Read full article

A former executive at SunTrust has joined Cardlytics Inc. to help the company expand its partnerships with other banks. ... Read full article

William Parsley was most recently PNC's chief investment officer and treasurer and had previously served as head of consumer lending. ... Read full article

U.S. Bank's $600 million fine for AML lapses quickly drew readers attention, while acting CFPB Director Mick Mulvaney got the Cordray treatment on Capitol Hill and big banks made moves to speed real-time payments. ... Read full article

U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge. ... Read full article

The investment continues a trend of banks focusing on commercial payments technology. ... Read full article

It’s too soon to gauge the true impact of recent tax cuts on loan demand, but anecdotes from bankers suggest that, after months of stagnation, pipelines are filling up again. ... Read full article