PNC Financial Services Group Inc


  • NEW YORK, Jan 1- If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. A lot of stores had to discount heavily to eke out a modest increase in sales, likely squeezing profit margins in the process.

  • NEW YORK, Dec 31- U.S. consumers' mood improved as 2013 drew to a close, with many optimistic about their future job prospects, while home prices rose again in October, though the pace of gains slowed.

  • LONDON/ NEW YORK, Dec 31- U.S. stocks were set to close 2013 at record levels, with world equity markets close to six-year peaks on Tuesday, while benchmark bond yields were poised for their first annual rise since 2009 in anticipation of stronger global growth in 2014..

  • Dec 23- PNC Financial Services Group Inc agreed to pay $35 million to settle U.S. charges that the former National City Corp discriminated against African-American and Hispanic borrowers by charging them more on home mortgages because of their race or national origin.

  • WASHINGTON, Dec 17- U.S. consumer prices were flat in November, but the lack of inflation pressures in the economy will probably not stop the Federal Reserve from scaling back its bond-buying program soon. The Labor Department said on Tuesday its Consumer Price Index was restrained last month by declines in gasoline and natural gas prices.

  • Midday movers: Google, Phillips 66, Nokia & more Friday, 6 Dec 2013 | 1:08 PM ET

    Some of Friday's midday movers:

  • 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.

  • Could your mutual fund be 'too big to fail'? Wednesday, 13 Nov 2013 | 1:29 PM ET

    Regulators are zeroing in on the mega-asset managers, which have largely been absent from the recession blame game—until now.

  • *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.

  • QE expected to continue through 2014: CNBC survey Tuesday, 29 Oct 2013 | 7:15 AM ET

    CNBC's October Fed survey sees the central bank buying about $650 billion of assets next year, up from $381 billion in the September survey.

  • Washington deadline could be nail biter for markets Tuesday, 15 Oct 2013 | 8:09 PM ET
    Traders on the floor of the New York Stock Exchange.

    With a deadline hanging over Congress, stocks could be whipped by headlines from Washington but should ultimately be able to limp through the drama.

  • Squawking with 'Walking Dead' Daryl (sans crossbow) Friday, 11 Oct 2013 | 9:32 AM ET
    Norman Reedus who plays Daryl Dixon on AMC's "The Walking Dead".

    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.

  • What a kinder, gentler Iran means for the economy Tuesday, 24 Sep 2013 | 5:22 PM ET

    The more accommodating stance being taken by Iran’s new president, if genuine, could result in lower oil prices by reducing Middle East tensions.

  • Student loan bubble starting to burst Thursday, 5 Sep 2013 | 2:06 PM ET

    This could be a sign that the student loan bubble is starting to burst.

  • Wanna see a teller? Banks want you to pay for it Friday, 30 Aug 2013 | 4:12 PM ET

    Banks are increasingly rolling out new fees for what was once at the core of the banking experience: interacting with a teller.

  • Six charged in biggest credit card hack on record Thursday, 25 Jul 2013 | 3:30 PM ET

    U.S. prosecutors said Thursday they have launched the country's largest hacking fraud case and charged six men with credit card theft.

  • Futures turn higher after release of Bernanke testimony Wednesday, 17 Jul 2013 | 8:41 AM ET

    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.

  • Will Bernanke taper talk rock the markets again? Tuesday, 16 Jul 2013 | 7:58 PM ET

    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.

  • Millennials Look for Easy Credit Outside Banks Friday, 14 Jun 2013 | 8:47 AM ET

    While 92 percent currently use a bank, nearly half of adults under age 34 say they use prepaid cards, check cashing, pawn shops and payday loans, a new survey says.

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