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PNC Financial Services Group, Inc.


Self Description

March 2004: "...Anchored by its roots in commercial banking which date back to the 1800s, The PNC Financial Services Group has evolved into one of the leading financial services organizations in the United States. With customers and employees throughout the U.S., PNC continues to expand the depth and breadth of its financial service offerings to serve customers, shareholders and the communities in which it conducts business...Pittsburgh National Corporation, parent of Pittsburgh National Bank, was established as the Pittsburgh Trust and Savings Company in 1852, and is the oldest bank in Pittsburgh."

http://www.pnc.com/aboutus/pnccorphistory.html

Third-Party Descriptions

November 2008: "Over the next month, two more bank mergers took place with the benefit of the new tax guidance. PNC, which took over National City, saved about $5.1 billion from the modification, about the total amount that it spent to acquire the bank, Willens said...A spokesman for PNC said Willens's estimate was too high but declined to provide an alternate one; Santander declined to comment."

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/09/AR2008110902155.html

Relationships

RoleNameTypeLast Updated
Owner of (partial or full, past or present) BlackRock Organization Mar 4, 2004
Opponent (past or present) Inner City Press (ICP) Organization Feb 24, 2008
Owner of (partial or full, past or present) National City Corporation (NCC) Organization Nov 11, 2008
Status/Name Change from Riggs Bank Organization Jun 9, 2006
Organization Head/Leader (past or present) James E. Rohr Person Jun 19, 2009

Articles and Resources

Date Fairness.com Resource Read it at:
Jul 20, 2009 Bailout Overseer Says Banks Misused TARP Funds

QUOTE: Many of the banks that got federal aid to support increased lending have instead used some of the money to make investments, repay debts or buy other banks...

 Washington Post
Nov 10, 2008 A Quiet Windfall For U.S. Banks: With Attention on Bailout Debate, Treasury Made Change to Tax Policy

QUOTE: ...Administration officials had just given American banks a windfall of as much as $140 billion. The sweeping change to two decades of tax policy escaped the notice of lawmakers for several days, as they remained consumed with the controversial bailout bill.

 Washington Post
Jun 02, 2008 Student Loans Start to Bypass 2-Year Colleges

QUOTE: The practice suggests that if the credit crisis and the ensuing turmoil in the student loan business persist, some of the nation’s neediest students will be hurt the most. The difficulty borrowing may deter them from attending school or prompt them to take a semester off. When they get student loans, they will wind up with less attractive terms and may run a greater risk of default if they have to switch lenders in the middle of their college years.

 New York Times
Aug 15, 2006 Vote for Control of Heinz Keeps Pittsburgh on Edge

QUOTE: Many people here fear that if the investors win enough seats they will eventually move the company’s headquarters from this city, where it has been for more than a century...the current fight is as much about pride as money and jobs.

 New York Times
Aug 04, 2004 Is identity theft protection worth the money?

QUOTE: Mind-boggling identity theft statistics have nervous consumers looking for protection, and financial institutions scrambling for ways to provide it. But not all protection plans are created equal, and some consumer watchdogs say you should save your money.

 Bankrate.com