Quote:
Originally Posted by xoxoxoBruce
PNC Bank has grown to #5 in the nation. How did they survive the banking implosion?
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According to a PNC executive I was talking to last winter, they simply maintained the same loan practices. IOW they made loans as if they would have to live with the consequences - as every financial institution once did.
However my impression was that he was out reciting the company line. Other sources have said same about PNC and some others (US Bancorp?, a large regional bank in Bergen County NJ, etc). It makes sense. But I have yet to see any confirming information.