PNC Financial Services Group, Inc. provides diversified financial services, including residential mortgage banking; retail and business banking; specialized services for corporations and government entities, including, real estate finance, corporate banking and asset-backed lending; and asset management and wealth management.
The company operates in six segments: Corporate & Institutional Banking segment, Retail Banking segment, Asset Management Group segment, BlackRock segment, Residential Mortgage Banking segment and Non-Strategic Assets Portfolio segment.
The Retail Banking division provides lending, brokerage, deposit, trust, investment management, services to small business customers within its geographic markets. The Corporate & Institutional segment offers, treasury management, lending to, government, mid-sized corporations and not-for-profit entities, and to large corporations. The Asset Management Group division offers personal wealth management to high net worth clients. The Residential Mortgage Banking segment has a significant presence in the retail banking footprint, and it originates loans through minority and majority owned affiliates. The BlackRock segment manages assets on behalf of investors worldwide through fixed income, equity, multi-asset class, separate accounts and funds. The Non-Strategic Assets Portfolio division offers, consumer brokered home equity loans, retail mortgages, cross-border leases, and residential construction loans and non-prime mortgages. PNC Financial Services Group came into existence in 1983 and is headquartered in Pittsburgh, PA. The CEO of the company