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...PNC, the Pittsburgh-based regional lender, reported that lending dropped by $4bn or 1 per cent....
...PNC, one of the largest US banks, has agreed to buy a $16.6bn loan portfolio from failed lender Signature Bank in a government-led auction following the latter’s collapse earlier this year....
...Check the latest interest rates on National Savings & Investments accounts. See our coverage of the latest savings and investment issues....
...2003, too (PNC was number 22 then)....
...The 12 large cap banks followed by Morgan Stanley analysts, including PNC, JPMorgan Chase, Bank of America and Wells Fargo, now have more than $180bn of excess common equity tier one capital — a record high...
...Analysts at the bank said they derived the figure by making estimates based on calculations on excess transactions for 54 Chinese ETFs....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...The Swiss National Bank has become the latest central bank to leave its main interest rate on hold, keeping its policy rate at 1.75 per cent....
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
...Former Royal Bank of Scotland head Ross McEwan will stand down in April as chief executive of National Australia Bank, the country’s third-largest lender....
...Among regional banks, Pittsburgh-based PNC had one of the biggest spikes in delinquent commercial real estate loans, more than doubling in the quarter to $723mn....
...Glapiński is a member of the ECB’s general council along with all heads of EU national central banks....
...JPMorgan and PNC declined to comment. It is not clear how many other banks will bid, or whether the FDIC will find any of the bids acceptable....
...Eleven large banks including JPMorgan and PNC put $30bn in deposits with First Republic last month in a failed attempt to stabilise the bank....
...Scotland’s National Investment Bank almost doubled its losses in the last financial year after being hit by the collapse of the company set up to administer the government’s flagship recycling scheme....
...The dovish central bank surprises did not stop there. A day after the Fed meeting, the Swiss National Bank unexpectedly cut its interest rates, knocking about 1 per cent off the value of its currency....
...The moves came after the Swiss National Bank became the first major central bank to start easing monetary policy as it unexpectedly cut its headline interest rate by 25 basis points to 1.5 per cent....
...Super regional bank PNC said its NII had dropped 2 per cent in the quarter to $3.5bn because of increased funding costs as well as lower loan and securities balances....
...Thomas Jordan, the long-standing chair of the Swiss National Bank, announced his resignation on Friday, bringing to an end a turbulent tenure of unorthodox policymaking....
...of non-banks offering financial services....
..., National Ugly Mugs (NUM)....
...Beyond next month, however, traders have a different outlook for the Fed’s monetary policy than officials inside the US central bank....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday, in a sign of policymakers’ confidence over falling inflation....
...At the end of last year, the government sold stakes in National Bank, Eurobank and Alpha Bank. Greece is an unlikely market darling....
...PNC, US Bank and Capital One were among its most enthusiastic backers....
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