StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

PNC Financial Service - Essay Example

Comments (0) Cite this document
Summary
With the diverse number of companies in existence that seek to aid those within the financial industry, PNC Financial Services would be one of those faced with that role. According to the section of the company that outlines their overall corporate position, "For more than 150 years, PNC has been committed to providing our clients with great service and powerful financial expertise to help them meet their financial goals…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
PNC Financial Service
Read TextPreview

Extract of sample "PNC Financial Service"

PNC Financial Services With the diverse number of companies in existence that seek to aid those within the financial industry, PNC Financial Services would be one of those faced with that role. According to the section of the company that outlines their overall corporate position, "For more than 150 years, PNC has been committed to providing our clients with great service and powerful financial expertise to help them meet their financial goals. We are also proud of our longstanding history of supporting the communities we serve - in education and the arts, and in many other ways," ("Corporate Values", p.1). With the level of effort that PNC would have taken to ensure the continued financial growth of their clients, it would be possible to say that the company's mission would in fact be based upon an outlook for value creation.
Value creation for creating a system that would ensure the level of productivity and integrity ultimately needed, so that the customer base would be able to see their own bottom line continue to grow and prosper. With many banks, large and small, finding it harder to survive in the current economic state, PNC Bank would seek to stay within the realm of effective and responsible banking practices. According to an article in the Pittsburgh Post-Gazette, while reiterated the current state of affairs within the banking community, in regard to PNC itself, "Still, the region's biggest bank will remain disciplined and resist making "stupid," risky loans, Mr. Rohr Said during a Barclays Capitol investor conference in New York City," (Sabatini, 2010). With the statement in itself that would work toward the concern of meeting investors expectations of being able to trust the solvency of the institutions that they seek to do business with.
Going on further to state that, "Mr. Rohr said PNC's balance sheet was strong and that the bank would have no trouble meeting higher capital requirements agreed to by international banking regulators Sunday as a buffer against another worldwide financial meltdown," (Sabatini, 2010). A move that would seek to allay the potential fears of some that may have otherwise been concerned, as to whether or not PNC would seek to stay within the realm of responsible business practices and honor their obligations. Taking other measures to expand the bank as a whole, the vision set forth by CEO Rohr, would illustrate the path toward creation and advancement that would ensure the solvency of the bank, as well as its customers.
In constructing corporate mission statements, many organizations seek to illustrate themselves as being in line with their consumer base and to solidify their position as being an organization worthy of doing business with. The corporate mission, after reading the materials provided through the PNC website, as well as the article from the Pittsburg Post-Gazette, would leave the impression that the mission of PNC and its employees would be one of high value. From an investor standpoint, many would seek to place their investments behind organizations that enact common sense policies. For the most part, mission statements would provide the same general elements within them. The illustration of the corporations plan for working with their clients and protecting the interests of those clients, while staying in line with the regulations put forward at the state and/or federal level.
After assessing the materials provided by PNC Bank, the final evaluation of their mission would be to determine that it would be financial sound, in an otherwise questionable financial market at the present time. With their ability to remain comfortable, in terms of what the company's earnings statements would show for the second half of 2010, it would appear as if the methods taken by the corporate structure of PNC Bank would leave room for continued growth.
References
"Corporate Values". PNC Bank. Accessed September 14, 2010. Retrieved from
https://www.pnc.com/webapp/unsec/ProductsAndService.dositeArea=/pnccorp/PNC/
Our+Organization/Corporate+Values
Sabatini, Patricia. "CEO pledges PNC will remain disciplined." Pittsburgh-Post Gazette.
Accessed September 14, 2010. Retrieved from http://www.post-gazette.com/
pg/10258/1087528-28.stmcmpid=business.xml Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“PNC Financial Service Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
PNC Financial Service Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1499856-pnc-financial-service
(PNC Financial Service Essay Example | Topics and Well Written Essays - 500 Words)
PNC Financial Service Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1499856-pnc-financial-service.
“PNC Financial Service Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1499856-pnc-financial-service.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF PNC Financial Service

Marketing in Financial Service

...?Analysis of Asda Money Using Lauterborn’s 4Cs Approach By al Affiliation August 16, Analysis of Asda Money Using Lauterborn’s 4Cs Approach Introduction and Case Overview The 4Cs model was reportedly proposed by Robert Lauterborn due to the recognition that focus or emphasis must be shifted from the traditional product centric approach provided by the 4Ps, to a more consumer centric approach (Creative & Cultural Skills, 2013; Shimizu, 2009). Asda was revealed to be a large UK retailer with 542 stores. Case facts revealed that its competitor was identified to be Tesco, the largest retailer in the UK. Currently, Asda proposed the launching of Asda Money, a financial service venture which would offer its targetted 18 million customers...
4 Pages(1000 words)Coursework

Customer Service in Islamic Financial Institutions

...?How do you create a truly centric Islamic financial service in Islamic financial s The Islamic banks are seen to enter into a head on competition with their peers, who are the conventional banks. A study conducted in 2013, by the Islamic Banking, Cardiff University and Finance Centre United Kingdom (UK) has found a strong demand for Islamic banking, financial services and products among the British Muslims (Smith, 2013). However, the banks have failed to understand that the head-on strategy has different implications as compared to the strategy that looks at exploiting the Islamic niche bank. While competing with the conventional banks, the Islamic banks are at a disadvantageous position, as they are smaller in size. More particularly...
8 Pages(2000 words)Assignment

Analysis of Financial Service Industry

...Financial service industry is characterized by achievement and maintenance of very high standards of success. While Intersect Investment has been, over the years, performing fairly well in the financial service sector, it has encountered hiccups and struggles, fairly on an equal scale. In order to increase its market share, gain customers' trust and confidence, and alert Wall Street's attention, Intersect Investments would have to find a suitable benchmarking candidate preferably from within its own industry. Citi Corp stands as the most fitting candidate. Besides having a strong hold in the financial service industry, Citi Corp mirrors the vision and goals of Intersect Investments. Benchmarking is the process of observation and validation...
3 Pages(750 words)Literature review

HSBC as a Financial Service

...HSBC as a Financial Service Introduction HSBC is recognised as one of the largest banking as well as financial service based organisations. Headquarter of HSBC is situated in London. Branches of HSBC are located in different parts of the world amassing a large consumer segment in Asia-Pacific, the Middle East and Africa, the Americas and also in Europe. The wide spectrum of network is spread across 8,000 offices which are located in 87 countries. The bank is listed on various stock exchanges such as London, New York, Hong Kong, Paris as well as Bermuda stock exchange. They also have their shareholders located in 124 countries. They also are a provider of a large number of financial services to a large number of customers. These services...
11 Pages(2750 words)Assignment

Financial Service Assignment 2

...Financial Service Assignment 2 Table of Contents Table of Contents 2 Introduction 3 Understanding Derivatives 4 Use of Derivatives 6 The Benefits of Derivatives 7 Risks Associated With the Use of Derivative Instruments 10 Conclusion 13 References 14 Bibliography 16 Introduction The financial market is usually referred as a much wider market entailing foreign exchange, commodities, bonds, real estate along with many various financial instruments as well as asset classes. However, a certain section has been stated to form an integral part of the broad financial market and that is the derivatives. This particular market i.e. the derivatives market is believed to have witnessed the most rapid and increased development compared to the other...
12 Pages(3000 words)Essay

Financial service-Banking

...Financial Service-Banking The government performs various roles when it comes to matters concerning the economy. The government is responsible for issuing out fiscal and monetary policies, which help stabilize a country’s economy. Over the last three years, the world has been recovering from a global recession. This recession has had a negative impact on the financial and banking sector. In 2010, large banks in Europe and the U.S were facing a financial crisis. In this essay, I will discuss the government’s role when it comes to regulating and stabilizing the economy in the banking and financial services industry. The U.S and European market had enjoyed a lot of freedom thanks to deregulation and privatization in the financial industry...
2 Pages(500 words)Essay

Financial Service Management - Understanding Success

... Financial Service Management - Understanding Success Success is what differentiates those that achieve their goals, overcome challenges and those that have no goals to achieve or lack success skills. Before this course, my approach to success was not clear because I lacked principles and practices of highly successful individuals. I used to set vague goals in my mind which I often failed to achieve and this situation needed remedy. During the course I read books on personal success approaches that have helped me to have better approaches to success. For example, Covey’s (2003) 7 habits of highly effective people totally changed by focus on success. Redman (1995) teachings on achieving personal success were also an eye opener. Case...
4 Pages(1000 words)Essay

Organization and Service Management in Financial Services

...Organization and Service Management in Financial Services In order to have adequate knowledge to cope up with the challenges facing the investors and funds managers, institutions of higher learning have come up with various strategies to provide their students with adequate banking and finance skills. My goal was therefore to extensively study the concepts of banking and finance and become an experienced investment analyst. An investment analyst major role is to undertake a research in order to come up with reliable and resourceful ideas to the fund’s managers (Collier, 2009). As an investment analyst, I was guided by my instructors on how to undertake a research and come up with adequate information that would help the fund managers...
6 Pages(1500 words)Assignment

Service Management in Financial Services

 Measurement of quality is the result of the services provided to the customer with a prompt response based on the requirements and expectations. Quality of various processes must be managed so as to provide the customer with consistent, accurate and timely results. These results must be of high quality because various other factors pertaining to a business deal are dependent on them. Quality assures the customer of an appropriate service that includes an error-free transaction, access to accurate data pertaining to the specific schemes and services, transfer of credits, changes concerned with the membership and account details and an undoubted trust that helps in attaining the services time and again.

Financial se...
11 Pages(2750 words)Case Study

Marketing, Financial and Production Analysis of Vail Resorts

Finally, in 1966, the town of Vail was established. By 1985, George Gillett purchased Vail Associates and high-speed quad chairlifts were established to help the skiers get to higher elevations on the mountain. In 1992 Apollo Partners purchased Vail Associates, which in turn became Vail Resorts Inc., which was followed by the acquisition of ski resorts Keystone and Breckenridge. The acquisition of these ski resorts was a major change that helped Vail succeed in the long run by appealing to a broader market. Both Keystone and Breckenridge have lower prices than Vail Mountain and attract more single- and college-aged customers (Vail Resorts).

The company then added the Real Estate segment which comprised 6 percent of the...
9 Pages(2250 words)Case Study

Unmarried Parents: Financial Provisions

There was no evidence before the court to suggest otherwise. I would, therefore, suggest that the child be examined by an expert in child welfare to first determine whether or not the mother is ultimately right in her assessment that the disparity in the value of her parent’s home causes her some concern. It is also important to determine via a welfare expert whether or not relocating to one of the properties suggested by the father would adversely impact upon the child’s wellbeing. If an expert agrees that relocating and the disparity in the value of the parents’ homes are not matters of concern for the child then an appeal would be likely to succeed. I would go further to predict that the father’s origina...
6 Pages(1500 words)Case Study

Accounting & Financial Management

AWB’s operations can be categorized into areas ranging from ‘pool management services’ to ‘harvest financing’, and ‘International commodity management’. Only a company with such a big range of activities and financial outlays can become the benchmark for an equally big company like ‘Woolworth Limited’.

The performance of an entity can be better analyzed through its profitability analyses. The profitability ratios like Gross Profit ratio, Net Profit Margins, Return on assets (ROA), and Return on Equity (ROE). The calculations of such ratios are shown in the attached annexure. The Gross Profit ratio measures the percentage of each pound or dollar of sales remaining aft...
10 Pages(2500 words)Assignment

Financial Management Analysis of Rio Tinto Plc

Taking into consideration that Harmony is the sixth-largest in the world in the gold mining industry, the choice of Harmony God Mining Co. as a benchmark company is the most suitable and justifiable. Moreover, Harmony has also some investment stake in Rio Tinto, and this situation makes the company more suitable for the choice. At places, the benchmark company’s performances have been better than Rio Tinto, and thus Harmony has a competitive edge as well over Rio Tinto.

Profitability ratios like Operating Margin Ratio, Net Margin Ratio, Return on Assets (ROA), and Return on Equity (ROE) are the performance analyzer of any company. Profit Margin ratios show the relationship between profit and sales. Since profit ca...
8 Pages(2000 words)Case Study

The Growth of the Service Industry

The expansion of the service sector has unquestionably generated economic prosperity, but it has eminently contributed to social injustice and inequality. Consequently, I believe that while the growth of the service industry has great economic intuition, it is eventually socially detrimental and distancing society from achieving paradigms of social equilibrium.
Service, by definition, is the exchange of a commodity that has no tangible form; whereas industry is described as the people or organizations engaged in a particular type of enterprise. The service industry is then simply defined as an aggregation of commercial entities that provide services rather than physical objects. The non-material nature of services can be dist...
9 Pages(2250 words)Case Study

National Health Service Human Resource Planning

There are about 1500 primary care dentists who are working on a salaried basis with the NHS, in most cases employed by primary care trusts. This group of individuals was a part of the local government earlier but in 1974, they were transferred into the NHS. (Personnel Today, 2007). Starting from the year 1997 onwards, the U.K. Department for Education and Employment had allowed for additional funding of $7.2 million to ensure that medical schools are able to pay clinical academia staff the awards that have been recommended for doctors and dentists in the NHS, by the Doctors and Dentists Review Body (Beecham, 1996). This move was initiated to introduce pay parity because university employers found it difficult to pay the 3.8% incre...
14 Pages(3500 words)Term Paper

Emergency Economic Stabilization Act of 2008 and How It Has Impacted the Financial Markets

Though there were objections from various quarters about the huge amounts of tax payer’s money being used in the bailout of huge corporates, the Act has been successful in moving the downturn towards a flat point and now has started slowly moving towards a recovery stage. The various programs under the EESA 2008 have played a significant role in the financial sector, housing mortgage, and banking institutions to save the institutions from complete disaster.

The Emergency Economic Stabilization Act is a huge taxpayer bailout designed to rescue the financial sector. The amount of money to be used is around $700 billion or $2000 per American citizen (Public mark up). Emergency Economic Stabilization Act of 2008 is al...
10 Pages(2500 words)Research Paper

The Effects of Financial Crisis on Supplier Selection Criteria of the Oil and Gas Industry Equipment Market

It is a difficult task to find those vendors who not only have the adequate quality and quantity of the needed raw materials but who also have an attitude of efficiency and display commitment to customer service (Sonmat, 2006). Further, organizations also strive to locate and select vendors who can be depended upon for long term relationship.

The number of factors or attributes desired from the vendor is vast, and different organizations and different industries place different importance on the attributes (Sonmat, 2006). Some of the vendor attributes may gain importance owing to the nature of the industry, for example, in the case of consumer perishables suppliers, like fresh vegetables or fruits, the buying firm would...
20 Pages(5000 words)Literature review

Financial Service Business

...Financial Service Business Introduction and scope of Financial service Business Traditionally, retail financial institutions are providing banking services to individuals and small businesses dealing in large volumes of low value transactions. It focuses on providing of banking services to very all individuals and families. Many financial services firms require a person or family to have a certain minimum net worth to qualify for private banking services. Recently the concept of financial service has undergone major transformations. In the US, especially, the service industry is gaining momentum and firms are now providing a variety of services for which there are a lot of needy seekers. Therefore, I would like to start a service business...
7 Pages(1750 words)Research Paper

Management of Financial Institutions

The first paper is about International Banking Regulation. For banks that may want to spread across borders, the study gives an explanation of how the various policies and laws may affect its operations. The second paper in the study gives the various restrictions on the development of Pan-European bank mergers. It shows how regional liquidity shocks limit cross-border bank mergers. Thirdly, the study shows the various methods banks use in risk assessment when lending to less developed countries’ sovereign governments. It gives a topology that can help banks efficiently assess risks. An explanation of the multi-nationalization that is given in this paper comes with a model showing how applicable the profit maximization hypot...
8 Pages(2000 words)Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic PNC Financial Service for FREE!

Contact Us