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

WatersTechnology Staff
13 Mar 1998

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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: http://subscriptions.waterstechnology.com/subscribe

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

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]