Articles

PNC to pay back bailout money, sell division

PNC, which operates dozens of bank branches in the Indianapolis area under the National City name, is selling its global investment servicing business to Bank of New York Mellon Corp. for $2.3 billion.

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Indiana banks accepting TARP funding

Many of Indiana’s banks jumped at the chance to apply for a share of the federal government’s capital-infusion program, and
ones that win approval likely will accept the funds designed to shore up still-healthy financial institutions.

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