PNC

ARENA STAGE HONORS U.S. SUPREME COURT JUSTICE KETANJI BROWN JACKSON WITH THE AMERICAN VOICE AWARD

Retrieved on: 
Tuesday, March 5, 2024
Supreme, Justice Jackson, Kia Corthron, Arena Stage, Human voice, Student, Freedom, Power play, Education, Bank, Celebration, Harvard University, Opening Night, Curriculum, The arts, Life, Equity, GEICO, PNC, Theatre, AARP, American Theater, DRS, Supreme court, Justice, M Street High School, Left–right political spectrum

WASHINGTON, March 5, 2024 /PRNewswire/ -- Arena Stage at the Mead Center for American Theater presented the American Voice Award to Justice Ketanji Brown Jackson on Thursday, February 22, 2024, as part of the Opening Night celebration for the world premiere of Kia Corthron's Tempestuous Elements.

Key Points: 
  • WASHINGTON, March 5, 2024 /PRNewswire/ -- Arena Stage at the Mead Center for American Theater presented the American Voice Award to Justice Ketanji Brown Jackson on Thursday, February 22, 2024, as part of the Opening Night celebration for the world premiere of Kia Corthron's Tempestuous Elements.
  • Established in 2005, the American Voice Award honors public officials recognized for their extraordinary support of and advocacy for American arts and arts education.
  • Justice Jackson has repeatedly demonstrated her dedication to fighting for human and civil rights and her deep commitment to equal justice.
  • She is both the first Black woman and the first former federal public defender to serve on the U.S. Supreme Court.

Koxa, PNC Bank Introduce Embedded Banking Integration for Companies Using Workday

Retrieved on: 
Monday, March 4, 2024
ERP, API, Camellia, Digital, PNC Financial Services, Treasury, Treasury management, PNC, Cryptocurrency

NEW YORK, March 4, 2024 /PRNewswire/ -- Koxa Corp. today announced a new embedded finance integration with PNC Bank to deliver an embedded banking experience to PNC clients using the Workday Enterprise Resource Planning (ERP) system.

Key Points: 
  • NEW YORK, March 4, 2024 /PRNewswire/ -- Koxa Corp. today announced a new embedded finance integration with PNC Bank to deliver an embedded banking experience to PNC clients using the Workday Enterprise Resource Planning (ERP) system.
  • With the integration, PNC's corporate and commercial banking clients will be able to retrieve real-time balance and transaction information, and submit, approve and reconcile payments, all from inside their ERP system using the PINACLE Connect for Workday integration.
  • "Our Workday integration, powered by Koxa, is further proof of our commitment to deliver modern technology to help our clients manage their cash position and automate manual financial processes."
  • In recent years, PNC Bank has launched other embedded banking experiences for its clients through its API developer portal ( developer.pnc.com ) and PINACLE Connect integrations, built on the foundation of its industry-leading commercial and corporate banking platform, PINACLE.

Equipment Finance Services Market to Reach $3,083.8 Billion, Globally, by 2032 at 9.7% CAGR: Allied Market Research

Retrieved on: 
Monday, March 4, 2024
Acquisition, Aircraft, Ship, Investment, Bank, Transport, Urbanization, Commerce, Health, SME, PNC

PORTLAND, Ore., March 4, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, 'Equipment Finance Services Market by Type (Equipment Loan, Equipment Lease, and Others), Provider (Banks, NBFCs, and Others), and Application (Transportation, Aviation, IT and Telecom, Manufacturing, Healthcare, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032'. According to the report, the global equipment finance services market was valued at $1.2 trillion in 2022, and is projected to reach $3.1 trillion by 2032, growing at a CAGR of 9.7% from 2023 to 2032.

Key Points: 
  • By type, the equipment loan segment held the highest market share in 2022, accounting for more than two-thirds of the global equipment finance services market revenue, and is estimated to maintain its leadership status throughout the forecast period.
  • Moreover, the need for flexible repayment options and the potential tax benefits associated with equipment loans further contribute to its expansion.
  • However, the equipment lease segment is projected to manifest the highest CAGR of 12.3% from 2023 to 2032.
  • By provider, the banks segment held the highest market share in 2022, accounting for more than two-thirds of the global equipment finance services market revenue and is estimated to maintain its leadership status throughout the forecast period.

Equipment Finance Services Market to Reach $3,083.8 Billion, Globally, by 2032 at 9.7% CAGR: Allied Market Research

Retrieved on: 
Monday, March 4, 2024
Acquisition, Aircraft, Ship, Investment, Bank, Transport, Urbanization, Commerce, Health, SME, PNC

PORTLAND, Ore., March 4, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, 'Equipment Finance Services Market by Type (Equipment Loan, Equipment Lease, and Others), Provider (Banks, NBFCs, and Others), and Application (Transportation, Aviation, IT and Telecom, Manufacturing, Healthcare, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032'. According to the report, the global equipment finance services market was valued at $1.2 trillion in 2022, and is projected to reach $3.1 trillion by 2032, growing at a CAGR of 9.7% from 2023 to 2032.

Key Points: 
  • By type, the equipment loan segment held the highest market share in 2022, accounting for more than two-thirds of the global equipment finance services market revenue, and is estimated to maintain its leadership status throughout the forecast period.
  • Moreover, the need for flexible repayment options and the potential tax benefits associated with equipment loans further contribute to its expansion.
  • However, the equipment lease segment is projected to manifest the highest CAGR of 12.3% from 2023 to 2032.
  • By provider, the banks segment held the highest market share in 2022, accounting for more than two-thirds of the global equipment finance services market revenue and is estimated to maintain its leadership status throughout the forecast period.

PNC Survey Shows Business Owner Optimism Continues to Soar Amid Improving Economic Conditions

Retrieved on: 
Wednesday, February 28, 2024
PNC Financial Services, Telephone, Faucher, Federal Reserve, Risk, Federal, Private sector, Business, Policy, Employment, Optimism, PNC, Research, Pressure

PITTSBURGH, Feb. 28, 2024 /PRNewswire/ -- PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, shows that business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession.

Key Points: 
  • PITTSBURGH, Feb. 28, 2024 /PRNewswire/ -- PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, shows that business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession.
  • Four in 10 (40%) are highly optimistic about the global economy, up from 25% last fall and 9% a year ago.
  • Nearly two-thirds of business owners (63%) are highly optimistic about their local economy, up from 47% last fall and 30% a year ago.
  • The PNC Economic Outlook survey was conducted by telephone from 1/2/2024 to 2/1/2024, among small and mid-sized business owners/leaders with self-reported revenue of $100,000 to $250 million.

Mesirow Advises Barr GeoSpatial Solutions on its Sale to PNC Riverarch Capital

Retrieved on: 
Monday, February 26, 2024
Natural Resources, AI, Growth, Sale, ESG, Lidar, Safety, Map, PNC, Forestry, Erosion

Barr GeoSpatial Solutions is a leading provider of geospatial services using aerial LiDAR, remote sensing, surveillance, methane leak detection and AI technology to map and monitor critical infrastructure and natural resources across North America

Key Points: 
  • Barr GeoSpatial Solutions is a leading provider of geospatial services using aerial LiDAR, remote sensing, surveillance, methane leak detection and AI technology to map and monitor critical infrastructure and natural resources across North America
    Barr GeoSpatial serves clients across a range of end markets, including utilities, energy infrastructure, forestry and natural resources
    CHICAGO, Feb. 26, 2024 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, announced it acted as a co-advisor to Barr GeoSpatial Solutions ("Barr GeoSpatial" or the "Company"), a portfolio company of 24/6 Capital Partners, on its sale to PNC Riverarch Capital ("PNC").
  • Barr GeoSpatial not only demonstrates proficiency in delivering geospatial services but also upholds a strong dedication to principles guided by ESG.
  • "We were pleased to represent 24/6 Capital Partners and Barr GeoSpatial Solutions throughout this transaction," said Rocky Pontikes , Managing Director of Mesirow Investment Banking.
  • The sale of Barr GeoSpatial Solutions to PNC Riverarch Capital represents another successful assignment completed by Mesirow Investment Banking and highlights the firm's expertise within the business services and industry technology sectors.

PNC Executive To Speak At RBC Capital Markets Conference

Retrieved on: 
Wednesday, February 21, 2024
PNC Financial Services, PNC, Conference, Webcast

PITTSBURGH, Feb. 21, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Investment Officer Gagan Singh will discuss business performance and strategy at 1:20 p.m. (ET) Tuesday, March 5, at the RBC Capital Markets Global Financial Institutions Conference  in New York City.

Key Points: 
  • PITTSBURGH, Feb. 21, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Investment Officer Gagan Singh will discuss business performance and strategy at 1:20 p.m. (ET) Tuesday, March 5, at the RBC Capital Markets Global Financial Institutions Conference  in New York City.
  • The following will be accessible at www.pnc.com/investorevents : a link to the live webcast; related materials, including cautionary statements regarding forward-looking information, available prior to the start of the webcast; and a webcast replay available for 30 days.
  • The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.
  • For information about PNC, visit www.pnc.com .

PNC Appoints Michael P. Lyons President

Retrieved on: 
Tuesday, February 20, 2024
National Association, PNC Financial Services, RBC Bank, Bank, Strategic planning, Growth, Boy, UPMC, University, Treasury, Pittsburgh Parks Conservancy, BBVA, BBVA USA, Maverick Capital, PNC, Corporation, Bank of America

PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.

Key Points: 
  • PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.
  • PNC's primary operating lines of business and the Regional Presidents Office will report to Lyons.
  • Lyons, 53, has been an Executive Vice President and Head of Corporate & Institutional Banking (C&IB) since he joined PNC in October 2011.
  • Prior to PNC, Lyons served as global head of corporate development and strategic planning for Bank of America.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Friday, February 16, 2024
Goldman Sachs, Bank, J. P. Morgan, Regions Financial Corporation, SunTrust Banks, State Street Corporation, BNY Mellon, Wells Fargo, Morgan Stanley, Financial system, JPMorgan Chase, Fifth Third Bank, PNC, Citigroup, Bank of America, American Express

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05192 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05192 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable March 8, 2024 to shareholders on record as at February 29, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

Candidly Releases Inaugural Impact Report

Retrieved on: 
Thursday, February 15, 2024
Professional Services, Education, Technology, Finance, Fintech, Artificial Intelligence, University, PSLF, Adidas, Financial services, Workplace, Supreme, Bread Financial, Growth, UBS, SAVE, Life, Safety, Vanguard, Hub International, HUB, Policy, Forgiveness, Trust, PNC, Prince, Bank

Candidly, the leading AI-driven student debt and savings optimization platform, released today its 2023 Impact Report, which highlights customer profiles and shares key milestones met by the company in 2023.

Key Points: 
  • Candidly, the leading AI-driven student debt and savings optimization platform, released today its 2023 Impact Report, which highlights customer profiles and shares key milestones met by the company in 2023.
  • Achievements featured in the report include surpassing $1 billion in projected impact over the life of the loans of its end users, the vast majority of whom are offered Candidly as a workplace benefit from their employer.
  • This number represents the total dollar impact that Candidly users are on track to realize as a result of actions taken and payments facilitated through the Candidly platform; for example, dollars saved on interest from extra payments, monthly savings from income-driven repayment plans, and projected forgiveness amounts.
  • Tax-Advantaged Student Loan Employer Contributions - Candidly tripled the dollars sent to student debt via employer-sponsored student loan repayment contributions in 2023.