by Mike ‘Mish’ Shedlock
The Street
The 4 biggest US banks nearly doubled amount set aside to cover soured corporate loans.
Everybody Is, Bluntly, Struggling’ said Bill Demchak, CEO of PNC Financial Services Group on an earnings call.
CEO, CFO, and Analysts Quotes
– PNC CEO: ‘Everybody Is, Bluntly, Struggling’ said Bill Demchak, CEO of PNC Financial Services Group on an earnings call. “The generic corporate client we talk to, who’s otherwise open and doing business, is almost without exception down from what they would have expected going into the year and down from where they were last year.”