TITLE

Rohr Discusses Uses for Gains On BlackRock

AUTHOR(S)
Mazzucca, Tim
PUB. DATE
February 2006
SOURCE
American Banker;2/16/2006, Vol. 171 Issue 32, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article discusses the announcement by PNC Financial Services Group Inc.'s chief executive that it could use the proceeds from the deal between BlackRock Inc. and Merrill Lynch & Co. to pursue retail bank acquisitions. PNC's James E. Rohr said that ideally his company would like to buy a smaller one that would provide opportunities for cutting costs by consolidating back-office operations. Rohr said buying back shares of PNC is a much more likely scenario.
ACCESSION #
19827155

 

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