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PNC authorized for USD 900m to repurchase additional shares

Nov 20, 2018 - Global Banking News

PNC Financial Services Group, Inc. (NYSE: PNC) has announced that it has been approved by the Federal Reserve today to repurchase up to an additional USD 900 million in common shares through the end of the second quarter of 2019, the company said.

This is in addition to the share repurchase programs of up to USD 2 billion approved by the Federal Reserve as part of PNC's 2018 capital plan, which was announced on June 28, 2018.

PNC's common share repurchases may be executed through th...