William Demchak

New bank lobbying group excludes Goldman and Morgan Stanley


The firms were initially slated to be included in a newly merged trade association, but they were blocked after some executives objected to adding more Wall Street banks.


Tech spending: Hard sell, must sell


Whether they’re thwarting cyber thieves or building out new apps, bank chiefs say hefty tech investments are now a cost of doing business — but they have to convince shareholders.


Is tax reform fueling a price war in commercial lending?


Bankers hoped the tax overhaul would stimulate a boom in business borrowing, but several said this week that hasn’t happened yet. PNC’s Bill Demchak warned that the tax cuts could be encouraging lenders to underprice loans.


PNC promotes Parsley to vacant chief operating officer post


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


Loan growth from tax cuts might take a while


Though business owners are more optimistic about the direction of the economy since the tax law was passed, it's doubtful their borrowing will increase meaningfully until they see more signs of more robust growth, bankers say.


Music to investors’ ears: Banks will use tax cut to boost dividends


Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders.


New tax law adds $1B to PNC's 4Q profit


The Pittsburgh company got the tax-related boost from an increase in the valuation of its deferred tax liabilities. It was partly offset by several charges.


Ex-regulator, cybersecurity expert join PNC board


In adding Martin Pfinsgraff, until recently the OCC's deputy comptroller for large-bank supervision, and retired Air Force Brig. Gen. Linda Medler, a cybersecurity expert, the regional bank says it is trying to build a board with expertise in fields of timely interest.


More banks spreading the wealth after Trump signs tax bill


Bank of America, PNC join a growing list of banks planning to use the anticipated savings from the reduction in the corporate tax rate to boost wages for employees.


PNC to offer consumer loans through mobile devices


PNC's new consumer lending platform will be marketed on a national scale.