News: PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

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Thu, Oct 16 2014

Fitch Assigns 'F1' Rating to PNC Financial Services Group Commercial Paper Shelf Program

(The following statement was released by the rating agency) NEW YORK, October 16 (Fitch) Fitch Ratings has assigned PNC Financial Services Group, Inc. (PNC) $5 billion commercial paper program a short-term debt rating of 'F1'. The rating action details follow at the end of this press release. PNC's short-term IDR is currently 'F1' and was last affirmed on Oct. 7, 2014 following Fitch's large regional bank peer review. KEY RATING DRIVERS - SHORT-TERM DEBT PNC's short-term debt ratings are equa

Fitch: PNC's 3Q'14 Earnings in Line with Expectations

(The following statement was released by the rating agency) CHICAGO, October 15 (Fitch) PNC Financial Services Group, Inc. (PNC) reported a solid 1.25% return on asset (ROA) during the third quarter of 2014 (3Q'14), supported by solid fee income growth and lower credit costs, partially offset by a continued decline in spread income. Fitch Ratings views the quarter's results as consistent with PNC's credit profile, with ratings that remain among some of the highest in the world. PNC's rating

Fitch Affirms PNC Financial's L-T IDR at 'A+' Following Large Regional Bank Review; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, October 07 (Fitch) Fitch Ratings has affirmed PNC Financial Service Group, Inc.'s (PNC) Issuer-Default Ratings (IDRs) at 'A+/F1'. The Rating Outlook remains Stable. The affirmation reflects PNC's strong risk-adjusted earnings profile, stable and diverse business model, and its consistency of performance through time. The rating action follows a periodic review of the large regional banking group, which includes BB&T Corpo

MOVES-Patrick Woolfe joins U.S. Bank from PNC Financial

Aug 5 - U.S. Bank named Patrick Woolfe portfolio manager for its Private Client Reserve division in Chicago.

Fitch: PNC's 2Q'14 Earnings Remain Solid Despite Some Headwinds

(The following statement was released by the rating agency) CHICAGO, July 16 (Fitch) PNC Financial Services Group, Inc. (PNC) reported a solid 1.31% return on asset (ROA) during the second quarter of 2014 (2Q'14), supported by strong fee income growth and lower credit costs, offset by higher expenses and a continued decline in spread income. Reflecting a still uneven economic recovery and a competitive lending environment, PNC grew loans only 1.4% on a linked-quarter basis, with commercial

U.S. probes possible overcharging by banks on foreclosure fees

NEW YORK/WASHINGTON - The U.S. Attorney's office in Manhattan is investigating at least five banks over whether they overcharged the government for expenses incurred during foreclosures on federally backed home loans, filings and interviews show.

INSIGHT-US probes possible overcharging by banks on foreclosure fees

NEW YORK/WASHINGTON, May 29 - The U.S. Attorney's office in Manhattan is investigating at least five banks over whether they overcharged the government for expenses incurred during foreclosures on federally backed home loans, filings and interviews show.

U.S. mortgage collectors gag homeowners in loan deals

- Joseph and Neidin Henard thought they had finally fixed the mortgage that was crushing them. | Video

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