PNC Bank

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  1. Our Outlook for the Credit Markets

    Headlines

    Fri, 27 Dec 2013

    JPMorgan JPM (rating: A, narrow moat) 2% due in 2017 indicated at +103 to the nearest Treasury. Similarly, we believe the PNC Bank NA 2.95% subordinated debt due in 2023, which trades approximately 20 basis points wide of the PNC Financial Services Group

  2. PNC Financial Services Group Reaches Settlement Agreement With Freddie Mac

    Commentary

    Fri, 6 Dec 2013

    Financial Services Group announced that its affiliate, PNC Bank , N . A ., has reached an agreement in principle with the Federal ..... to loans sold to Freddie Mac between 2000 and 2008. PNC Bank will pay Freddie Mac $89 million (less $8 million

  3. Gentex's 2Q Beats Consensus, Company Will Take on Debt to Pay for HomeLink

    Commentary

    Wed, 24 Jul 2013

    Gentex's existing cash and investments while the remaining $300 million will come from senior unsecured credit lines with PNC Bank . The credit lines can be expanded at Gentex's option by $75 million. Assuming Gentex closes the deal, which it plans

  4. Credit Rating Initiation: Royal Bank of Canada

    Commentary

    Fri, 28 Oct 2011

    Royal Bank decided to divest its U.S. banking operations by selling RBC Bank ($27 billion in assets as of June 2011) to PNC Bank PNC. The divestitures have resulted in one-time losses of $1.6 billion, which were realized in the third quarter of

  5. The Shrinking U.S. Banking Sector: On Balance, Who Benefits?

    Headlines

    Mon, 2 May 2011

    markets in danger of becoming a one-bank or two-bank town,” he says. For example, in the Pittsburgh metropolitan area, PNC Bank has 47% of the deposit share, according to the FDIC. The second-largest bank in the area is Citizens Bank of Pennsylvania

  6. AIG Receives SEC Wells Notice

    Commentary

    Tue, 21 Sep 2004

    pursue a civil action alleging securities law violations. The SEC has alleged that AIG's Financial Products business helped PNC Bank keep certain lending risks off its balance sheet and increase its stated earnings by structuring certain derivative transactions

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