Laura Marcinek

PNC Financial Services Group Inc., the second-largest U.S. regional bank, said second-quarter profit more than doubled, beating analysts’ estimates, as fee revenue surged and the firm set aside less for bad loans.

PNC Financial Services Group Inc., the second-largest U.S. regional bank, faces the same decision on its 21 percent stake in BlackRock Inc. that confronts many individual investors: sell or hold?

Sallie Krawcheck, the former senior executive at Bank of America Corp. and Citigroup Inc., agreed to buy 85 Broads, the global network with 30,000 members that promotes women as business leaders.

Bank of America Corp.’s brokerage arm and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo.

Evercore Partners Inc., the advisory firm founded by Roger Altman, agreed to purchase Mt. Eden Investment Advisors LLC, a San Francisco-based wealth manager with $645 million in client assets.

Jefferies Group Inc. and Goldman Sachs Group Inc. led Wall Street’s largest securities firms in average compensation per employee at midyear, widening a lead over JPMorgan Chase & Co.