Tags: pnc | bank | dividend

PNC Says Fed Has No Objection to Plan to Raise Dividend

Tuesday, 13 Mar 2012 07:03 PM

PNC Financial Services Group Inc., the sixth-largest U.S. bank by deposits, said the Federal Reserve has no objection to its plan to raise its dividend.

The board of directors is expected to consider a dividend increase at a meeting next month, the Pittsburgh-based lender said today in a statement distributed by PR Newswire.

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