William Demchak

PNC says BBVA deal won’t derail organic growth plans

01/15/21

The Pittsburgh company intends to continue adding commercial offices and retail branches in markets it had been eyeing before agreeing to buy BBVA USA for $11.6 billion.

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PNC buying BBVA USA for $11.7 billion

11/16/20

The deal would rank among the biggest bank combinations since the financial crisis, creating a coast-to-coast franchise with about $563 billion of assets and branch presence in 29 of the nation’s 30 largest markets.

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PNC will cut 280 branches by end of 2021, CEO says

09/15/20

“What COVID has done for us is it has showed us where to prioritize investments,” William Demchak said at an industry conference in discussing the Pittsburgh company's plans to speed up the shift to digital banking.

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PNC sees steep decline in forbearance requests. Will it last?

07/15/20

The Pittsburgh bank says fewer borrowers are asking for help and that many borrowers who received assistance are making payments again. But with the coronavirus pandemic still raging in much of the country, CEO William Demchak and other bankers are tempering their optimism.

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Outsourcing PPP, stress-test fallout, SCOTUS’ CFPB ruling: Top stories of the week

07/02/20

As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s most-read stories.

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Get ready for wave of small-business defaults, PNC’s Demchak warns

07/01/20

With stimulus money running out and forbearances set to expire, consumer spending is bound to shrink. That's bad news for business owners and their landlords, the Pittsburgh bank's CEO says.

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PNC open to deal that would boost assets to $700 billion, CEO says

06/09/20

Flush with capital from the sale of its stake in BlackRock, PNC is willing to go big on an acquisition but would be wary of buying a bank with a heavy concentration of consumer loans, CEO William Demchak said.

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PNC learns the downside of paying cash bonuses to new customers

01/15/20

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.

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PNC not interested in bank acquisitions, CEO says

09/11/19

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.

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

06/12/19

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.

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