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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Dec. 14 (Bloomberg) — James Rohr, chief executive officer of PNC Financial Services Group Inc., talks with Bloomberg’s Betty Liu about President Obama's meeting with executives from the US's largest banks. Obama met with Rohr and other executives as he seeks to ratchet up pressure on banks...
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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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