Wednesday, April 7, 2010 as of 11:14 AM ET
PNC Financial Services Group, Inc. is a U.S.-based financial services corporation, with assets (as of December 31, 2011) of approximately $271.205 billion.
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That is what Ladder Capital Finance, a prolific commercial mortgage-backed securities lender, has done with its $49 million loan on a Boca Raton, Fla., shopping center, after J.P. Morgan Chase & Co. (JPM) rejected the asset from a $1 billion CMBS last month, according to a person familiar with the loan.The loan on the Glades Plaza and The Commons at Town Center has popped up again in a planned CMBS from Deutsche Bank (DB, DBK.XE), whose bonds have included Ladder Capital loans in the past. The deal is being shopped to junior investors and isn't final, the person said.J.P. Morgan removed Ladder Capital's loan from its CMBS issue late in the process, signaling possible dispute with investors over the exposure they were taking and the leverage on the property. The mall had for the past year been mired in foreclosure proceedings with PNC Bank (PNC), whose Midland Loan Services was named special servicer on the J.P. Morgan issue. Meantime, analys...Worms in Washington can't ease America's economic problems, but Will Allen has millions of worms that can."It's all about the soil," he explains.Allen's worms are cr...
Reading about crime can be a little depressing at times. You start to see how many ways your money can be taken from you, and it's easy to conclude that maybe it wou...
Credit card applicants can see their credit scores for free if a bank used that score to decline service, according to the Federal Reserve . The Federal Trade Commis...
What determines the best credit card available? Is it the interest rate? An impressive array of merchandise and travel rewards? The lure of cash back ?A large part o...
The latest credit card theft scheme is a play on the usual phone call scam, with an interesting twist: thieves are attempting to catch unsuspecting cardholders unawa...
Current averagesAverage consumer credit card rate, overall market: 16.76 percent Average consumer non-rewards credit card rate: 15.09 percent Average consumer reward...
Should home equity be used to pay down credit card debt?If you have equity (cash value in excess of loans against it) built up in your home, good for you! You've bee...
If you travel much outside the United States, it pays to be choosy about which credit cards you use abroad. Here are five key things to know about using credit cards...
In a move that will make it the nation’s fifth-largest lender by branches, PNC Financial Services (NYSE:PNC) announced a $3.45 billion deal on Monday to acquire Roya...
U.S. bank regulators announced pacts with the largest home lenders over allegations of shoddy foreclosure practices, jumping ahead of a states-led probe and leaving ...
By Alina SelyukhIn 2008 the markets crashed and the recession interrupted his financial dreams. "As of right now, I can't invest," Bergh said. "I'm saving."Eighteen-...
FBN's Connell McShane on Bill Gates' donation to the effort to keep the state’s strict environmental laws.
Making a Prepaid Card Your Transaction ChoicePrepaid debit cards are among the most controversial financial products. Celebrities endorse them. Many consumer advocat...
For the third spring in a row, investors are concerned about the chances of a springtime slowdown stalling the U.S. economy.While optimism brimmed about the strength...
In the year since the first major issuer debuted an EMV credit card for U.S. consumers, a handful of national banks and credit unions have rolled out their own versi...
The Federal Reserve has released more detail on its new “action plans” for HSBC North America Holdings, Ally Financial Inc., and IMB HoldCo. (the holding company of ...
The unbanked make up 7.7% of U.S. households, according to the Federal Deposit Insurance Corp., and they are sitting ducks for celebrity-pitched prepaid cards, costl...
FBN's Elizabeth MacDonald breaks down today's news that the SEC has charged six former Fannie Mae and Freddie Mac executives with fraud, and its impact on their current positions.
The Securities and Exchange Commission may try to claw back executive pay given by Fannie Mae and Freddie Mac to six former executives during the housing bubble year...
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