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Bill Demchak - 3 Brian Sullivan - 1 “ - 1
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☆ PNC CEO Bill Demchak on the state of the consumer
  + stars: | 2024-05-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPNC CEO Bill Demchak on the state of the consumerHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Bill Demchak, Brian Sullivan, “ Organizations: PNC, CNBC
☆ Watch CNBC's full interview with PNC CEO Bill Demchak
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with PNC CEO Bill DemchakPNC CEO Bill Demchak joins 'Money Movers' to discuss the stock reaction to PNC's quarterly earnings results, how the company is adjusting to headwinds, and the company's cost efforts.
Persons: Bill Demchak Organizations: PNC
☆ PNC CEO on Q1 earnings beat
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPNC CEO on Q1 earnings beatPNC CEO Bill Demchak joins 'Money Movers' to discuss the stock reaction to PNC's quarterly earnings results, how the company is adjusting to headwinds, and the company's cost efforts.
Persons: Bill Demchak Organizations: PNC
☆ Jamie Dimon bails out First Republic – and FDIC
  + stars: | 2023-05-01 | by ( Lauren Silva Laughlin | ) www.reuters.com   time to read: +3 min
In the wee hours of Monday morning, however, he agreed to take mid-sized First Republic Bank (FRC.N) out of receivership from the Federal Deposit Insurance Corp. The bank acquires nearly $229 billion of assets and absorbs some $173 billion in loans at a roughly 13% discount to book values. After taxes and paying the FDIC $10.6 billion, JPMorgan should get a $2.6 billion boost before integration costs. The agency will share losses of up to 80% on the large majority of First Republic’s loan book. There’s also a $50 billion loan from the FDIC at specific terms that have not been disclosed so far.
☆ PNC CEO: What happened with the banks that failed has nothing to do with their sizes
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPNC CEO: What happened with the banks that failed has nothing to do with their sizesPNC CEO Bill Demchak joins 'Squawk on the Street' to discuss the company's earnings report, banking turbulence, and more.
☆ Watch CNBC’s full interview with PNC CEO Bill Demchak on mortgage market
  + stars: | 2023-02-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with PNC CEO Bill Demchak on mortgage marketBill Demchak, PNC CEO, joins 'Closing Bell' to discuss the jobs report, the likelihood of a recession and the state of the economy and consumer.
☆ PNC CEO Bill Demchak on recession risks, jobs report and the state of the consumer
  + stars: | 2023-02-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPNC CEO Bill Demchak on recession risks, jobs report and the state of the consumerBill Demchak, PNC CEO, joins 'Closing Bell' to discuss the jobs report, the likelihood of a recession and the state of the economy.
☆ Bank earnings become a post-Covid parlor game
  + stars: | 2023-01-23 | by ( John Foley | ) www.reuters.com   time to read: +6 min
Chief among the mysteries is how much interest banks will harvest in 2023 and beyond. Even then, the link between benchmark interest rates and the rate banks actually charge is getting harder to forecast. Bank of America boss Brian Moynihan said that depositors who used to have roughly $3,500 with the bank now have almost four times more. Goldman just laid off 6% of its workforce, but it remains bigger than it was in 2019; Bank of America says it’s still hiring. To that end, the fog is arguably less troublesome for Goldman and Morgan Stanley than it is for JPMorgan, Bank of America and Citigroup (C.N).
☆ Analysis: U.S. banks to pounce on fintech deals as valuations plunge
  + stars: | 2022-11-17 | by ( Saeed Azhar David French | Saeed Azhar | David French | ) www.reuters.com   time to read: +5 min
The valuations of listed financial technology firms have plunged 70% in 2022, analysts at Jefferies Group said in a note last week. The Columbus, Ohio regional bank is scouring for more targets after it bought Torana, a payments fintech, in May. PNC Financial Services Inc (PNC.N) in September bought Linga, a fintech focused on restaurant operations and sales. The slide in fintech valuations coincides with banks earning more from traditional lending businesses as interest rates rise. Fintech deals enable banks to buy new technology or products instead of developing them in-house.
☆ Mega-bank status weighs on U.S. banking’s B-team
  + stars: | 2022-09-26 | by ( John Foley | ) www.reuters.com   time to read: +4 min
The bosses of PNC Financial Services (PNC.N) , Truist Financial (TFC.N) and U.S. Bancorp (USB.N) joined jumbo-size counterparts on Capitol Hill for a grilling last week, their first appearance as what Congress terms mega-banks. Weighed on systemic significance, U.S Bancorp is around one-eighth as risky as JPMorgan, according to a U.S. Treasury analysis. They are also much simpler than their bigger rivals, lacking international networks and complex trading businesses. PNC boss Bill Demchak noted that his office is on Fifth Avenue, but the one in Pittsburgh, not Manhattan. Watchdogs say they fear a scenario where, say, U.S. Bancorp fails and needs to be absorbed by JPMorgan, making the biggest banks even bigger.
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