Stage Is Set For PNC Bank To Spin Off Two Fund Units


PITTSBURGH, Pennsylvania--Now that PNC Bank has consolidated all its money management operations under its New York-based subsidiary, BlackRock Financial, the regional bank holding company is also contemplating a spin-off of its mutual fund processing arm, PFPC Worldwide.

A spokesman for the bank acknowledged that the bank is considering spin-offs of both BlackRock and PFPC, but he stressed that no decision has been made. While the subsidiaries have businesses that overlap and the bank is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: