Dec 6- PNC Financial Services Group Inc will pay Freddie Mac $89 million to resolve all repurchase liabilities on home loans sold to the government-backed housing agency through the end of 2008.. Earlier this week, Bank of America said it settled with Freddie Mac on all claims arising from residential mortgages sold to the agency through the end of 2009..
TORONTO, Dec 5- Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, handing the reins to the RBC's retail banking head, Dave McKay, the bank said on Thursday. Nixon is the longest-serving of Canada's current crop of bank CEOs, but at 56, by no means the oldest.
*Nonfarm payrolls expected to rise 125,000 in October. *Unemployment rate seen climbing to 7.3 percent. WASHINGTON, Nov 5- U.S. job growth likely slowed sharply in October with the unemployment rate ticking higher as a partial shutdown of the government kept workers at home, undercutting an already lethargic labor market.
Talking Squawk looks at our big interviews with Daryl from "The Walking Dead", Jack Welch, Jim Chanos and T. Boone Pickens. Plus, we debate the merits of megayachts versus kayaks.
The more accommodating stance being taken by Iran’s new president, if genuine, could result in lower oil prices by reducing Middle East tensions.
Sept 16- PNC Financial Services Group Inc's projected Tier 1 common ratio will fall to a low of 9.4 percent through the second quarter of 2015 under a severely adverse scenario, the lender's mid-year stress test results showed.
Sept 6- PNC Financial Services Group Inc said it was winding down Market Street Funding LLC, an investment vehicle that issues short-term debt to fund credit facilities for the bank's clients. As part of the wind-down, commitments and outstanding loans of Market Street will be assigned to PNC Bank.
Sept 6- PNC Financial Services Group Inc said it has started to wind down Market Street Funding LLC, an investment vehicle that funds credit facilities for the bank's clients by issuing short-term debt. Market Street is classified as a variable interest entity, owned by an independent third party and administered by PNC Bank.
This could be a sign that the student loan bubble is starting to burst.
*Trade deficit widens to $39.1 billion in July. The Commerce Department said on Wednesday the trade gap increased 13.3 percent to $39.1 billion, partially unwinding a plunge in June that had pushed the deficit to a 3-1/ 2 year low.
Banks are increasingly rolling out new fees for what was once at the core of the banking experience: interacting with a teller.
*Fed buys $1.5 bln in debt due 2036-43 on Thursday. NEW YORK, Aug 22- Prices of benchmark U.S. The 10- year at 2.90 is a barometer of both expectations for economic growth and this clear concern that we're in territory that we don't know how to operate, "said Jim Vogel, an interest rate strategist at FTN Financial in Memphis, Tennessee.
WASHINGTON, Aug 22- The number of Americans filing new claims for unemployment benefits rose last week but held close to a six-year low and gave a positive signal for hiring during the month.
*2011 Supreme Court decision in Wal-Mart v Dukes cited. While saying its decision was not a "death knell" for other class actions, the 3rd U.S. Circuit Court of Appeals refused to revive class certification for more than 153,000 minority customers of the former National City Corp., which Pittsburgh- based PNC bought in 2008..
U.S. prosecutors said Thursday they have launched the country's largest hacking fraud case and charged six men with credit card theft.
NEWARK, N.J./ BOSTON, July 25- U.S. prosecutors charged six foreign nationals with hacking crimes, including credit and debit card thefts that authorities say cost U.S. and European companies more than $300 million in losses, and charged one of them with breaching Nasdaq computers.
*Housing starts drop 9.9 percent to lowest since August. WASHINGTON, July 17- U.S. housing starts and permits for future home construction unexpectedly fell in June, offering further evidence of a sharp slowdown in economic activity in the second quarter.
U.S. stock index futures turned slightly positive Wednesday after Fed Chairman Ben Bernanke reiterated the central bank's plan to start paring back its bond-purchase program later this year, but said that could change if the economic outlook shifted.
Fed Chairman Ben Bernanke is not likely to say much new when he testifies before Congress Wednesday, but even so, he could rock the markets.
*Family Dollar shares at seven-month high after earnings. NEW YORK, July 10- U.S. stocks mostly edged lower on Wednesday, stalling after a four-day climb as attention turned to the afternoon release of minutes from the Federal Reserve's June meeting.