PNC

The sixth-largest U.S. bank has big plans to grow its private bank by developing young talent, as it prepares to target many of the hottest markets for young wealth.

The U.S. lender was able to sell its stock within four days of discussing its plans, BlackRock CEO Larry Fink says.

“It is shocking — never seen anything like it in my 40 years as a lawyer,” the wealth manager's attorney said.

The wealth manager claimed bank management knew a customer had a history of sexual harassment, but allowed him to continue doing business at the branch anyway.

The former general counsel has signaled interest in staying on.

The rep mismarked 105 trades in five PNC customer accounts as unsolicited when in fact they were solicited, FINRA claimed.

Advancements in fintech, new products and a shifting regulatory environment are among industry executives' top concerns.

Rapid developments in financial technology are among the industry’s top operational challenges, asset managers say.

At least 14 executives have accepted posts this year leading wealth management and related investment services groups at several financial institutions, including HSBC, PNC Bank and Wilmington Trust. Find out who they are and what their new roles entail.

The executive will lead PNC’s wealth business beginning in June.

The advisor lured the client into investing $100,000 in what he claimed was a private placement bond but instead deposited the money into his personal bank account, say federal prosecutors.

Corporations, banking trade groups and consumer advocates are looking for favorable legislation from Congress.

In a complaint filed in federal court, PNC fired back at the hearing panel, saying that it exceeded its authority by disregarding the law.

Which firms showed “meaningful progress” in improving client experience? And which one slipped?

The bank will provide both non-discretionary and discretionary services. The discretionary service will offer three types of investment lineups built for different plan demographic profiles.

The adviser claimed PNC falsely accused him of not having met with two clients for their annual review and challenged the firm for writing him up for falsifying documents.

We reshuffled the deck on our top program managers and ranked them by third-party marketers.

Second-quarter revenue dipped 9.4% year-over-year, while profits plunged 22.5%.