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The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.
October 16
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
October 15
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
October 14
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The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
October 10
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The superregional bank inked its merger agreement with FirstBank just two weeks after it saw the first draft of the agreement.
October 9
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The Accountability Board, a three-year-old-group focused on corporate governance issues, said the bank shouldn't have backtracked on a longstanding policy separating the chairman and CEO roles.
October 8
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Fifth Third announced it plans to buy the Dallas bank in a $10.9 billion transaction.
October 6
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