Enrico Dallavecchia, former chief risk officer (CRO) of government-sponsored enterprise Fannie Mae, has been appointed CRO of PNC Financial Services. He takes over from vice-chairman and CRO Thomas Whitford,...
Ten US banks collectively require an additional $74.6 billion in additional capital to insulate against possible losses over the next two years, the results of US government stress tests show.
Pittsburgh-based PNC Financial Services has appointed Aleem Gillani to the position of vice-president and chief market risk officer, based jointly in New York and Pittsburgh.
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Pittsburgh-based PNC Financial Services has hired JP Morgan Chase’s former head of derivatives strategy, Gagan Singh, as managing director of asset liability management. In addition, Singh becomes chief investment officer of the company’s banking...
BITS, a Washington, DC-based non-profit consortium of 100 of the largest financial institutions in the US, has published new voluntary guidelines for financial services aggregation that promote sound, private and secure services.
The PNC Financial Services Group has agreed to bolster its risk management capabilities, following an enquiry by the US Securities and Exchange Commission (SEC) into some off-balance-sheet trades with American International Group (AIG) in 2001.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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