More than half the charges are related to soured mortgages it has bought back from Fannie Mae and Freddie Mac.
PNC to Record Nearly $500 Million in 4Q Charges
- Full access to banking's most comprehensive daily report
- Daily, weekly, and topic-based newsletters and alerts
- Award-winning analysis and insight, focused on bankers' key concerns
- Bimonthly industry research reports
- Morning Scan Plus (Premium e-newsletter)
- American Banker mobile app