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PNC Faces Rising Charge-Offs
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PNC Financial Services Group faces a surge in delinquencies and net loan charge-offs, primarily driven by commercial real estate. The commercial office portfolio reported $56 million in net loan charge-offs in the fourth quarter.
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How does the trend of corporate deposits moving to larger banks influence the competitive landscape in the finance industry?
How might the rise in net loan charge-offs impact PNC's financial stability and investor confidence?
What strategies could PNC employ to mitigate the impact of commercial real estate on its loan charge-offs?
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