Real estate investments

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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JPM breaks free; Merrill to sweep uninvested funds away from MMFs

08/22/18

Bank to offer 100 free stock or ETF trades to customers; the BofA unit will deposit uninvested client cash in banks, not money market funds.

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Back-office innovations help banks dump costly real estate

07/06/18

Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents.

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Banks want in on tax reform plan to spur investment in distressed areas

03/06/18

Banking and affordable housing advocates are encouraged by a provision in the tax reform legislation that could increase investment in underserved communities by allowing investors to defer capital gains taxes when they reinvest in federally chartered Opportunity Funds.

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It was 10 years ago today …; B of A card rewards depositors

08/09/17

Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get.

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