Nov. 20 (Bloomberg) — Stuart Hoffman, chief economist with PNC Financial Services Group, talks with Bloomberg Television about the outlook for Federal Reserve monetary policy and the US economy. (This report is an excerpt. Source: Bloomberg)
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Nov. 20 (Bloomberg) — Stuart Hoffman, chief economist with PNC Financial Services Group, talks with Bloomberg’s Lori Rothman and Mark Crumpton about the outlook for Federal Reserve monetary policy and the US economy. Hoffman also discusses the US labor market and US Treasury Secretary Timo...
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CHARLOTTE, N.C. — PNC Financial Services Group says it swung to a loss during the fourth quarter due to increased credit provisions and costs associated with its recent acquisition of National City Bank.
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CLEVELAND — PNC Chairman James Rohr says the merger/takeover involving National City Bank is proceeding ahead of schedule and already making money.
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International Paper Cuts Dividend to 2.5 Cents, Will Save $100 Million Each Quarter with Dividend Cut; PNC Slashes Dividend by 85%, Sees 1Q Meeting Estimates (Bloomberg News)
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Uncertainty Remains as First Trading Day of 2009 Begins; Acquisitions Complete - BofA Buys Merrill Lynch, Wells Fargo Buys Wachovia, PNC Financial Buys National City; Global Semiconductor Sales Fall 9.8% in November; GM Shares Rise Over 8%; Ford Receives
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As the economy pulls out of the recession, expect to see more consolidation and M&A activity, according to Chris Williams, co-founder and managing director for Harris Williams.
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