Entries tagged "PNC Financial Services Group"
The latest financial institution to announce layoffs is PNC Financial Services Group.
Morgan Stanley, PNC and Fidelity Investments are among the latest financial services giants to announce layoff plans.
In his column Tuesday, The Wall Street Journal's Dennis Berman launched a guessing game into who might lead Morgan Stanley after chief executive John Mack (pictured) retires, probably in 2010. The leading candidates, according to Berman: co-presidents Walid Chammah and James Gorman, with chief financial officer Colm Kelleher and investment banking chief Paul Taubman as dark horses. Whoever takes the job will oversee a different bank from the one Mack inherited in 2005; Morgan Stanley, like rival Goldman Sachs Group Inc., became a bank holding company in September. What that means going forward is still unclear, which drives some of...
Stocks fell on Wednesday. The Dow slipped 99.80 points to 8,824.34, the S&P 500 fell 8.76 points to 904.42, and the Nasdaq dipped 10.58 points to 1,579.31. Financial stocks ended mostly down with PNC Financial Services the hardest hit. ...
When PNC Financial Services Group Inc. completes its acquisition of National City Corp. it'll get not only the bank's branches and deposits, but a huge tax break as well. In fact the tax benefit could be so high as to nearly cover the $5.6 billion purchase price. ...
