PNC eyes $50m windfall from regulatory easing

Pittsburgh-based lender PNC estimates it could add between $20 million and $50 million to income each year following the loosening of post-crisis rules by the Federal Reserve.

Chief financial officer Robert Reilly said today (October 16) that the Fed’s finalised proposal to tailor capital and liquidity rules to banks based on their size and other risk factors would positively affect PNC’s Common Equity Tier 1 (CET1) capital ratio and net interest income.

The rule changes relax the liquidity

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