PNC Financial Services Group, Inc.
- Homepage: http://www.pncbank.com/
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
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
Role Name Type Last 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.
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