We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Parting ways

12 May 2020 By Antony Currie

The regional bank is selling its 22% stake in the asset manager, worth $17 bln. PNC has had a great ride, but new rules could have become a headache for both companies. The timing means boss Bill Demchak will have a big war chest to go looking for bargain acquisitions.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)