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PNC earnings fall 60% on government payments

0 Comments Published July 25th, 2009 in News.

NEW YORK (MarketWatch) — PNC Financial Services Group Inc.’s second-quarter profit plunged 60% on charges related to government dividends, despite a boost from its National City acquisition.

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« Obama sends systemic regulator plan to Congress
Moody’s net slips but 2009 outlook revised higher »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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