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PNC Pays Back TARP Loan
Charles Paikert
Family Wealth Report
12 February 2010
PNC Financial Services Group repaid $7.6 billion owed to the US Treasury under the Troubled Asset Relief Program's Capital Purchase Program yesterday, a statement from the firm said. Earlier this month, PNC agreed to sell its PNC Global Investment Servicing unit to Bank of New York Mellon for around $2.5 billion.