Summary
When PNC Financial Services Group completes its government- assisted acquisition of National City Corp. next Wednesday, it will have an extra $3 billion to play with.
PNC could stuff the holiday leftovers into lending, other acquisitions or reserves to ride out a recession bound to include loans going sour, analysts said Tuesday.See the full content of this document
Extract
Pnc, National City Shareholders Ok $5.6 Billion Merger
"They will be cautious initially and keep some of those funds in reserve for potential losses from bad loans," said Frank Barkocy, research director at Mendon Capital Advisors in New Yor...
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