Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a […]
PNC Financial Services Group Inc
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Back to news homeFirst Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
Regulators seized control of First Republic Bank and sold it to JPMorgan Chase on Monday, a dramatic move aimed at curbing a two-month banking crisis that has rattled the financial […]
First Republic Nears Federal Seizure as F.D.I.C. Seeks Buyers
Federal regulators were racing on Saturday to seize and sell the troubled First Republic Bank before financial markets open on Monday, according to several people with knowledge of the matter, […]
Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
The white-collar remote work revolution may permanently reshape the office market, bankers said. “Office is going to be really a challenged for quite a few years, and it has a […]
JPMorgan, Citigroup and Wells Fargo Report Rise in Profits Amid Industry Turmoil
Despite tenuous times for the banking industry, some of the largest U.S. lenders reported banner first-quarter earnings on Friday that easily exceeded investor expectations. And even as they warned that […]
PNC Strikes $11.6 Billion Deal to Buy U.S. Operations of Spanish Bank BBVA
PNC Financial Services said on Monday that it would acquire the U.S. business of the Spanish lender BBVA for $11.6 billion. The transaction, one of the biggest banking deals since […]
PNC Nears $11 Billion Deal to Buy U.S. Operations of Spanish Bank BBVA
PNC Financial Services is in talks to acquire the U.S. business of the Spanish lender BBVA for more than $11 billion, a person briefed on the matter said. The sale, […]