PNC Financial Services

PNC Financial Services, founded in 1852, is headquartered in Pittsburgh, Pennsylvania, United States. The company operates mainly under the brand PNC Bank and is known for providing a wide range of financial services across various segments. The company's most significant business categories include Retail Banking, which caters to consumer and small business customers, offering services such as deposits, loans, brokerage, insurance, and cash management. In the sector of Corporate & Institutional Banking, PNC provides lending, treasury management, and capital markets services to large corporations and government entities. Another branch of its operations, the Asset Management Group, delivers personal wealth management for high-net-worth and ultra-high-net-worth clients, as well as institutional asset management, under the brands PNC Wealth Management and Hawthorn, PNC Family Wealth. PNC Financial Services was a key investor in BlackRock, one of the largest asset management firms globally, although it divested the majority of its stake in 2020. Additionally, the company's Residential Mortgage Banking segment offers mortgage loans and home equity lending products. Primarily focused on the United States market, PNC Financial Services has a robust domestic presence with numerous branches and ATMs serving American customers. The company's operations, particularly in corporate and institutional banking, are known to engage with international clients and handle transactions beyond U.S. borders. (Powered by AI)