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Nearly all major US banks pass Fed 'stress tests'

...America Holdings Inc., Huntington Bancshares Inc., KeyCorp, M&T Bank Corp., Northern Trust Corp., PNC Financial Services Group Inc., RBS Citizens Financial Group Inc., Regions Financial Corp., Santander Holdings USA Inc., State...

http://chronicle.augusta.com/news/business/2014-03-20/nearly-all-major-us-banks-
Rising interest rates affect demand for refinancing

...are most at risk of losing out, says Sterne Agee analyst Matthew Kelley. Among them: Bank of America, the PNC Financial Services Group and EverBank Financial.Others, including Ameris Bancorp and Banc of California, could do well should demand...

http://chronicle.augusta.com/news/business/2013-09-20/rising-interest-rates-affe
Thousands more layoffs announced

...cost-cutting measures came Tuesday on the heels of tens of thousands of layoffs by a slew of companies last week. PNC Financial Services Group said it plans to cut 5,800 jobs. Liz Claiborne Inc., will eliminate 725 jobs, or 8 percent of its work...

http://chronicle.augusta.com/stories/2009/02/04/bus_510144.shtml
Business
Wells Fargo, Wachovia shareholders approve deal

...Wells Fargo deal was the second major banking combination vote Tuesday. Earlier in the day, shareholders of PNC Financial Services Group Inc. and National City Corp. agreed to Pittsburgh-based PNC's acquisition of Cleveland-based National...

http://chronicle.augusta.com/stories/2008/12/24/bus_505153.shtml
Business
Economic growth slows after year-end spurt

...high unemployment, record-high home foreclosures and tight credit.Stuart Hoffman, the chief economist at PNC Financial Services Group, called the year-end growth spurt "a one-hit wonder."In a fresh reading on the nation's economic...

http://chronicle.augusta.com/news/business/2010-02-26/economic-growth-slows-afte
Business
Growth of consumer borrowing smallest gain since 1992

...consumers were more cautious and wiser users of credit in 2002," said Stuart Hoffman, chief economist at PNC Financial Services Group. The slowdown in borrowing last year reflected a cooling in revolving credit, such as credit cards, which...

http://chronicle.augusta.com/stories/2003/02/08/bus_374981.shtml
Business
Interest in dividend-paying stocks renewed

...fastest dividend-per-share growth in recent years, said Jeff Kleintop, chief investment strategist for PNC Financial Services Group in Philadelphia. Those with weaker dividend-per-share growth have lagged. "Back in the old days, people...

http://chronicle.augusta.com/stories/2005/05/30/bus_454598.shtml
Business
Interest rates to hold at record lows

...The Fed painted the economy in a slightly brighter shade," said Stuart Hoffman, the chief economist at PNC Financial Services Group. "It's been painted black for so long. Now, it is a lighter shade of gray."The Fed held its target...

http://chronicle.augusta.com/news/national/2010-03-16/interest-rates-hold-record
Business
Jobless rate remains steady; hiring still slow

...We're on the cusp of some job growth, finally, finally," said Stuart Hoffman, the chief economist at PNC Financial Services Group.But there's a long way to go. The recession eliminated about 8.4 million jobs. The slow-motion recovery...

http://chronicle.augusta.com/news/business/2010-03-05/jobless-rate-remains-stead
Business
Dollar slide could mean higher prices for consumers

...You can't reach into a bag of tricks to quickly make it stop," said Stuart Hoffman, chief economist at PNC Financial Services Group. For now, he's not ready to expect the worst. "I don't think the dollar is going to fall off a cliff...

http://chronicle.augusta.com/stories/2005/02/04/fin_441771.shtml
Finance