Rohr says PNC to remain disciplined, avoid risky loans

09/15/2010 | Pittsburgh Post-Gazette · Bloomberg

James Rohr, chief executive officer at PNC Financial Services Group, said that weak loan demand, high unemployment and a fragile economy make it a challenging time for financial institutions. However, PNC will remain disciplined and avoid extending risky loans, Mr. Rohr said. "We expect to see some of our peers increase their interest-rate risk and credit risk as a way of enhancing revenue," he said. "We didn't take those risks a few years ago when many others did and we're certainly not going to take them now."

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Pittsburgh Post-Gazette · Bloomberg

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