William Demchak

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.


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.


Momentum builds for Wells Fargo to remove CEO Parker's 'interim' tag


With several top candidates reportedly turning down the job, some insiders are reportedly lobbying the board to appoint C. Allen Parker as the bank's next CEO.


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.


Which bank CEOs received the biggest raises in 2018?


Jamie Dimon remains the highest-paid chief executive, but his 5% pay raise was smaller than that of at least five of his counterparts. Here's what CEOs of 13 large and regional banks earned last year, based on recent proxy filings.


5 takeaways from banks' 4Q results


Among the things we've learned this earnings season: C&I is back, fee income is flat, and leveraged lending is beginning to "rear its ugly head."


Battle for deposits is ‘a steel-cage match’


Loan demand is finally picking up after several lackluster quarters. Banks' big challenge is finding cheap deposits to fund all those new loans.


PNC names manufacturing, tech executives to board


Executives from Microsoft and other firms will expand PNC's board to 14 members.


Banks’ payoff from minimum-wage hikes


Raises for the rank and file have fueled investor complaints that banks aren’t keeping a lid on expenses. Executives say the pay increases have lowered turnover and improved customer service.


PNC plans Boston, Phoenix middle-market expansion in 2019


PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments.