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PNC Financial Services Group Inc. plans to launch a national digital retail bank.
“What you’ll see us doing is taking our Virtual Wallet, a (mobile banking) platform I’d stand up against any online bank, and move that into the national market and do it largely following our (commercial and industrial loan) expansion with a handful of branches in those markets and see what happens,” CEO William Demchak told financial analysts at the Goldman Sachs U.S Financial Services Conference in New York.
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PNC is planning a digital national retail bank