Downtown-based TCW Group Inc. is expanding its partnership with PNC Financial Services Group Inc. to provide private credit options to middle-market companies.
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(Bloomberg) -- Wall Street banks are hunting for alternative ways to shore up their coffers as an emergency lending tool that helped resolve last year’s regional banking crisis expires.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStocks Kick Off Key Inflation Week Under Pressure: Markets WrapThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorThe Bank Term Funding Program, which was established in
Concerns have shifted to exposure to commercial real estate credit. The IMF estimates that vulnerable lenders have $5.5 trillion in assets, 23% of the total
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The Pittsburgh company says its new president, Michael Lyons, will report to William Demchak, who will continue as chairman and chief executive. Lyons is positioned to become PNC's next CEO someday, observers said.