tag:blogger.com,1999:blog-24427664.post4836952640673737780..comments2023-10-08T16:11:56.972+02:00Comments on i will shout youngstown: does the PNC purchase help or hinder the image of a Cleveburgh?Jankohttp://www.blogger.com/profile/17141703042787916263noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-24427664.post-39842994214877328492008-10-24T23:55:00.000+02:002008-10-24T23:55:00.000+02:00For contrast to the story in the PD, read these tw...For contrast to the story in the PD, read these two articles in the Financial Times about the acquisition:<BR/><BR/>http://tinyurl.com/6rzw6k<BR/><BR/>http://tinyurl.com/6dhpgx<BR/><BR/><I>Still, the government’s capital cocktail will boost the combined businesses’ tier one to 10 per cent against PNC’s ratio of 8.2 per cent. And the pairing of the so-called “super-regionals” forms the fifth largest US bank by deposits, sprawled across the Midwest and the north-east. Granted, states such as Michigan will not offer the most tantalising growth prospects in the near term. But PNC has experience of ekeing growth from sluggish markets, while overlaps will help find $1.2bn in cost savings. Longer term, PNC will need to rebuild share of combined revenues coming from fees rather than spread lending.</I>Jim Russellhttps://www.blogger.com/profile/13078184665418828961noreply@blogger.com