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Old 09-30-2014, 04:47 PM
 
19 posts, read 25,383 times
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If PNC failed, there would be a feeding frenzy over its corpse. Wells, Chase, Citi, BofA, US Bank, Capital One, TD, and the other large banks would have a bidding war over PNC's corpse. All of those banks would love to get into the Pittsburgh market. Depositors wouldn't lose a dime.
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Old 10-01-2014, 07:46 AM
 
5,802 posts, read 9,895,961 times
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Quote:
Originally Posted by WereWolfDad View Post
If PNC failed, there would be a feeding frenzy over its corpse. Wells, Chase, Citi, BofA, US Bank, Capital One, TD, and the other large banks would have a bidding war over PNC's corpse. All of those banks would love to get into the Pittsburgh market. Depositors wouldn't lose a dime.
You forget the Big 4 (Chase, BoA, Citi, Wells) are Forbidden from buying any other institution they can only organically grow. They're too damn big.... on the contrary they're the only ones who could even remotely possibly buy PNC whole without the Feds providing another Tarp handout. TD, Capital One, US Bank would need government assistance (Tarp) and try getting a tarp type package through Congress again.....LMAO! ..... Go the FDIC route there will significant losses.

Quote:
PNC Bank continues to tighten its grip on the Pittsburgh region

PNC holds a commanding $49.77 billion in deposits in the Pittsburgh market.



http://www.post-gazette.com/business...s/201410010034
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Old 10-01-2014, 09:05 PM
 
Location: Pittsburgh
7,541 posts, read 10,260,125 times
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Quote:
Originally Posted by Blackbeauty212 View Post
You forget the Big 4 (Chase, BoA, Citi, Wells) are Forbidden from buying any other institution they can only organically grow. They're too damn big.... on the contrary they're the only ones who could even remotely possibly buy PNC whole without the Feds providing another Tarp handout. TD, Capital One, US Bank would need government assistance (Tarp) and try getting a tarp type package through Congress again.....LMAO! ..... Go the FDIC route there will significant losses.
If there was another financial panic, I don't see why you would think another TARP wouldn't be possible.

Congress wasn't that anxious last time, but supposedly if the economy went south, they might not be that anxious next time, but that doesn't mean they wouldn't do it.
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