Hints and tips:
...The law firm Davis Polk advised the banks. Participants were encouraged by the news that deposit outflows at First Republic had slowed....
...asks one analyst, listing potential candidates including former US Bancorp boss Richard Davis, PNC chief Bill Demchak, JPMorgan retail banking boss Gordon Smith, and former Goldman Sachs chief operating...
...PNC’s earnings were marred by a $438m provision for increased repurchase demands....
...PNC noted it had built $324m of reserves for “mortgage foreclosure related matters …as a result of some recent discussions”....
...US Bancorp, based in Minneapolis, Minnesota, increased residential mortgage lending by more than 6 per cent quarter-on-quarter, despite the softening housing market....
...The bank bought PNC Financial Services Group in February....
...Richard Davis, chief executive, said: “I am disappointed with the overall decline in this quarter’s earnings.”...
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