PNC Financial Services Group plans to add 400 jobs to its residential mortgage banking center in Downers Grove, Illinois. The firm will get $6.2 million in incentives, including tax incentives from the Economic Development for a Growing Economy program. PNC will spend $14.6 million on the operation. Founded in 1852, Pittsburgh’s PNC Financial Services is a financial [...]
Continue reading...Tuesday, February 3, 2009
Pittsburgh’s PNC Financial Services Group plans to cut 5,800 jobs following its recent purchase of National City, and posted a Q4 loss of $248 million. Revenue increased 3% to $1.68 billion. In December, PNC paid $3.9 billion for Cleveland-based National City, after the lender struggled with losses from subprime mortgages and other troubled assets. PNC used part [...]
Continue reading...
Monday, May 11, 2009
0 Comments