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PNC Financial Services Group Inc

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  • Report: Homeowners paid $3.1B cash in settlement Monday, 7 Jul 2014 | 4:28 PM ET

    The banks are Aurora, Bank of America, Citigroup, Goldman Sachs, HSBC, JPMorgan, MetLife Bank, Morgan Stanley, PNC Financial Services, Sovereign, SunTrust, U.S. Bank and Wells Fargo. The $9.3 billion settlement called for $3.6 billion in cash payments and $5.7 billion in aid such as reduced mortgage loans.

  • NEW YORK, July 4- With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks climbing further into record territory. Many factors point to a second-quarter earnings season poised to surprise substantially to the upside.

  • Solid US job gains pointing to a stronger recovery Friday, 4 Jul 2014 | 12:02 AM ET

    WASHINGTON— The 5- year-old U.S. recovery is gaining momentum from a surprisingly robust job market and moving the economy closer to full health. The unemployment rate dipped from 6.3 percent in May to its lowest level since the financial crisis struck with full force in the fall of 2008, when the Wall Street firm Lehman Brothers went bankrupt.

  • NEW YORK, July 3- With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks continuing their climb further into record territory.

  • WASHINGTON, July 2- U.S. private-sector hiring hit a 1-1/ 2- year high in June, reinforcing views that momentum was building to carry the economy through the rest of the year after a dismal start.

  • NEW YORK, July 1- HSBC Holdings Plc agreed to pay $10 million to settle U.S. government charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures.

  • Eurozone unemployment unchanged at 11.6 percent Tuesday, 1 Jul 2014 | 5:01 AM ET

    AMSTERDAM— A full year since emerging from recession, the stuttering economy of the 18- country eurozone is still unable to create enough jobs to make a significant dent in the unemployment rate.

  • TORONTO, June 9- Canadian housing starts picked up more than expected in May and April was revised higher, suggesting housing will contribute to economic growth in the second quarter after a harsh winter put the brakes on construction, data released on Monday showed.

  • June 5- A bank branch-based broker for a unit of JP Morgan has been permanently barred from the securities industry for using a customer's credit card reward points for his own personal accounts, according to Wall Street's industry-funded watchdog.

  • June 5- A bank branch-based broker for a unit of JP Morgan has been permanently barred from the securities industry for using a customer's credit card reward points for his own personal accounts, according to Wall Street's industry-funded watchdog.

  • WASHINGTON, June 3- New orders for U.S.-made factory goods rose for a third straight month in April and top automakers reported strong vehicle sales in May, boosting the outlook for second-quarter economic growth. Everything looks set for solid growth in the second half of this year, "said Gus Faucher, senior economist at PNC Financial Services Group.

  • NEW YORK, June 3- Ocwen Financial Corp will stop requiring some homeowners to not criticize the company publicly in exchange for having the terms of their loans eased, New York state banking regulator Benjamin Lawsky said on Tuesday.

  • WASHINGTON, June 2- U.S. manufacturing activity slowed last month and construction spending rose less than expected in April, which could temper hopes of a sharp pick-up in economic growth this quarter.

  • PNC Financial Services Group Inc, PHH Corp, MetLife Inc, Santander Holdings USA Inc and Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland, have all disclosed in filings with the Securities and Exchange Commission that they've received subpoenas.

  • WASHINGTON, May 21- Federal Reserve policymakers last month began to lay groundwork for an eventual retreat from their extraordinarily easy monetary policy with a discussion of the tools they could employ to accomplish the task, with no final decisions taken.

  • In January, the couple reached a settlement with every company that had a stake in the mortgage on their house in Santa Cruz, California, a deal that would have slashed their monthly payment by almost 40 percent to $3,337.

  • In January, the couple reached a settlement with every company that had a stake in the mortgage on their house in Santa Cruz, California, a deal that would have slashed their monthly payment by almost 40 percent to $3,337.

  • *Spending gain largest since August 2009. WASHINGTON, May 1- U.S. consumer spending recorded its largest gain in more than 4-1/ 2 years in March and factory activity accelerated last month, reinforcing views the economy was regaining steam.

  • May 1- Regional banks including US Bancorp and PNC Financial Services Group Inc are making more business loans at rates that are starting to alarm bigger U.S. banks like JPMorgan Chase& Co, executives said.

  • May 1- Regional banks including US Bancorp and PNC Financial Services Group Inc are making more business loans at rates that are starting to alarm bigger U.S. banks like JPMorgan Chase& Co, executives said.