PNC Financial Services Group (NYSE: PNC) is taking over the ailing National City Corp (NYSE: NCC) owner of the regional National City Bank based in Cleveland. PNC has agreed to pay $5.6 billion with some of the money coming from the US Treasury.
PNC First To Use Government Money in Takeover
We were all “sold” the [...]

PNC Bank owned by parent PNC Financial Services Group, Inc. (NYSE: PNC) is offering $100 new customer bonus to raise capital. Why does PNC Bank need a large influx of capital? This may spell trouble for the bank.
PNC Bank about six months ago ceased their home equity wholesale operation citing market conditions and [...]