March 10 (Reuters) - A federal jury ordered PNC Bank to pay $391 million in damages for its role in an alleged insurance scam involving prepaid funeral contracts at the now-defunct National Prearranged Services (NPS).
property consists of 96 percent office and 4 percent retail. Long-term tenants include the law firm Holland & Knight and PNC Bank . “This unique property is exceptionally located and provides long-term income from established tenants,” said Suzan Amato
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
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
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
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
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
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