BlackRock, Inc.: PNC's sale of BlackRock shares is credit positive for both companies
The divestiture will boost PNC's capital and liquidity as well as remove concerns stemming from its ownership of BlackRock.Blackham Resources is engaged in mineral exploration and development.
PNC Financial Services Group is a bank holding company. The company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. The company's segments are: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; Asset Management Group, which provides personal wealth management; and BlackRock, which provides a range of investment and technology services.
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