PNC Financial To Repay $7.6 Bln TARP Funds - Update
PNC Financial To Repay $7.6 Bln TARP Funds - Update
Financial services company PNC Financial Services Group, Inc. (PNC)
announced Tuesday that it has received regulatory approval to
redeem the $7.6 billion of preferred shares held by the U.S.
Treasury. The company sold the preferred shares to the Treasury
against the bail-out funds it received in October 2008 under the
governments Troubled Asset Relief Program or TARP Capital Purchase
Program.view original article
