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

PNC.N on New York Stock Exchange

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Thu, May 29 2014

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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

Fitch: PNC's 1Q'14 Earnings Solid Despite Revenue Challenges

(The following statement was released by the rating agency) CHICAGO, April 16 (Fitch) PNC Financial Services Group, Inc. (PNC) reported a solid 1.35% return on asset (ROA) during the first quarter of 2014 (1Q'14), supported by lower expenses and credit costs, offset by lower repurchase reserve releases and seasonality in fee income, according to Fitch Ratings. Fitch views these results as consistent with PNC's credit profile, with ratings that remain among some of the highest in the world.

PNC Financial gets DOJ subpoena over payment processors

- PNC Financial Services Group Inc said it had received a subpoena from the U.S. Department of Justice seeking information about its relationship with certain merchant and payment processor customers.

PNC Financial gets DOJ subpoena over payment processors

March 3 - PNC Financial Services Group Inc said it had received a subpoena from the U.S. Department of Justice seeking information about its relationship with certain merchant and payment processor customers.

PNC subpoenaed over mortgage lending practices

March 3 - PNC Financial Services Group Inc said it received federal subpoenas about its lending practices in relation to certain federally backed mortgage loans.

Fitch: PNC's 4Q'13 Earnings Benefit from Mortgage Repurchase Release

(The following statement was released by the rating agency) CHICAGO, January 16 (Fitch) PNC Financial Services Group, Inc. (PNC) reported a solid 1.34% return-on-asset (ROA) during the fourth quarter of 2013 (4Q'13), according to Fitch Ratings. PNC's results benefitted from a release from mortgage repurchase reserves, lower provision expenses, and a modest improvement in spread income. However, these gains were partially offset by higher expenses. The release of mortgage repurchase reserves

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