They were strongarmed into accepting the funds. They neither wanted nor needed them.
In fact, they didn't need them SO much that they took the funds for what they were, a low/no interest loan they could easily pay back. With the money they made a buyout purchase of RBC's branches in the Southern United States. If you're mad about that, consider the fact that they used the money that they supposedly "needed" to SAVE another bank.
Recent PNC News
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 05/10/2024 01:41:29 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/09/2024 02:39:31 PM
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