Finance Layoffs: PNC to lay off 74

Layoffs have been adding up and are still rising. U.S. corporations' layoffs rose by 31% in July to 97,373, according to outplacement firm Challenger Gray & Christmas. Another report by ADP Employer Services says U.S. private employers shed 371,000 jobs in July, according to CNBC. Meanwhile, pink slips in the financial services industry are still being handed out.

The latest financial institution to announce layoffs is PNC Financial Services Group Inc. (NYSE:PNC). The Pittsburgh-based bank will lay off 74 people at its Miamisburg, Ohio, mortgage processing facility, according to the Pittsburgh Business Times. The layoffs will start in September and continue throughout the end of the year.

The layoffs are part of PNC's integration of National City Corp., which the bank acquired in December. The bank plans on consolidating over 90 National City mortgage processing operations into two.

Even though several financial institutions are laying off employees, several such as Barclays plc (NYSE:BCS) and Standard Chartered plc are hiring. Also, check our job opening pick of the day from The Deal's Career Channel:

Investment Banking Analyst- 1st year in New York

For a roundup of all the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. - Maria Woehr

Follow me on twitter at @newsgirlmw

For more see: 

Hiring: Goldman Sachs, Fifth Third, Wells Fargo

Hiring: Lazard, BofA and more

Hiring: Barclays is hiring 1,000

Finance Layoffs: Bank of America and Metropolitan 

Hiring: Standard Chartered is hiring 300

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