Entries tagged "National City"

Finance Layoffs: Capital One, PNC and J.P. Morgan

Unfortunately, there are more layoff reports at Capital One Financial , PNC/National City and J.P. Morgan Chase.

Finance Layoffs: AIG, Nat City and J.P. Morgan

The most recent layoff rumors and reports are at American International Group Inc. (NYSE:AIG), J.P. Morgan Chase & Co. (NYSE:JPM) and National City Bank.

Hiring: PNC seeks wealth advisers

PNC Financial Services Group Inc.'s (NYSE:PNC) wealth management business is apparently looking for a few good advisers.

Finance Layoffs: PNC, Fidelity and more

Morgan Stanley, PNC and Fidelity Investments are among the latest financial services giants to announce layoff plans.

National City takeover gets Fed OK

The Federal Reserve Board Monday approved PNC Financial Services Group Inc.'s $5.58 billion acquisition of National City Corp....

Bank Watch: Financials fall as analysts predict fourth-quarter losses

Stocks slid after their opening Monday. The Dow fell 59.49 to 8,570.19, the S&P 500 slipped down 7.51 to 872.22, and the Nasdaq slid 19.49 to 1,521.23. Financial stocks were mostly in the red Monday morning with Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and PNC Financial Services getting hit the hardest. ...

Bank Watch: J.P. Morgan and PNC sink

The markets were down, led by financial stocks, as investors wondered over the questionable fate of the auto bailout. The Dow closed down 196.33 at 8,565.09, the S&P 500 was down 25.65 points to 873.59, and the Nasdaq finished down 57.60 points at 1,507.88. PNC Financial Services and J.P. Morgan Chase & Co. were the greatest losers of the day. ...

PNC must sell Nat City branches

PNC Financial Services Group Inc. must sell 61 branches of National City Corp. in western Pennsylvania as a condition for acquiring the Cleveland-based bank, The Associated Press reports. National City's nearly 30,000 employees, from top managers to bank tellers, were being informed during the afternoon that the Department of Justice would announce the order late Thursday. PNC chairman James Rohr said divestitures in western Pennsylvania would be necessary when the $5.6 billion deal was announced Oct. 24. - Bill McConnell ...

Bank Watch: Stocks slide, and Citigroup cancels Christmas

Stocks dropped Tuesday as investors grew anxious over a decision on a bailout of the auto industry and further layoff announcements. The Dow fell 242.85 points to 8,691.33, the S&P 500 dropped 21.03 points to 888.67, and the Nasdaq slipped 24.40 points to 1,547.34. Financial stocks slipped....

Bank Watch: Stocks rally, and financials gain

Financial stocks were mostly in the green after a late day rally. The Dow increased 259.18 points to 8,635.42, the S&P 500 advanced 30.85 points to 876.07, and the Nasdaq shot up 63.75 points to 1,509.31....

Bank Watch: Banks lead stocks up with FDIC and government plans

Stocks inched up Tuesday thanks to a jump-start in lending through the government's $800 billion consumer and mortgage lending plan. The Dow climbed 36.08 points to 8,479.47, the S&P 500 was up 5.58 points at 857.39, and the Nasdaq slid 7.29 points to 1,464.73. Though tech stocks were lagging, financial stocks rode high on the government's announcement. ...

Bank Watch: Stocks on the rise, but a mixed bag for banks

For the first time since the election, stocks rose. The Dow climbed 58.86 points to 8,754.65, the S&P 500 increased 3.51 to 908.39, and the Nasdaq rose 9.75 points to 1,618.45. Stocks rose even though a report came out that U.S. employers cut 240,000 jobs in October. Banks' stocks were mixed, but were mostly in the green Friday morning....

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