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  1. Economy grew, economists say, because the consumer is back, augering well for 2015Read the original story w/Photo

    18 hrs ago | The Charlotte Observer

    WASHINGTON The U.S. economy decelerated in the final three months of 2014 but still grew at an annualized rate of 2.6 percent, the Commerce Department said Friday in a report that had encouraging signs about consumers and prospects for this year. While respectable, the fourth-quarter growth came on the heels of a prior quarter that saw growth revised up to a scorching 5 percent.

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  2. FOREX-Dollar mixed on GDP data, January marks greenback record runRead the original story

    20 hrs ago | Reuters

    The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. U.S. economic activity in the fourth quarter rose 2.6 percent, below economists' consensus forecast of 3 percent and nearly half of the third quarter's 5 percent rate.

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  3. Economists React to Fourth-Quarter GDP: 'The Trend Is Improving'Read the original story w/Photo

    23 hrs ago | Wall Street Journal

    U.S. economic growth slowed in the final months of 2014 , highlighting challenges facing the U.S. expansion amid rising global uncertainty. Gross domestic product-the broadest measure of goods and services produced across the economy-expanded at a 2.6% annual rate in the fourth quarter, the Commerce Department said Friday, following 5% growth in the third quarter and 4.6% in the second quarter.

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  4. FOREX-Dollar mixed after disappointing headline Q4 U.S. GDPRead the original story

    Yesterday | Reuters

    The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. U.S. economic activity in the fourth quarter rose 2.6 percent, below economists' consensus forecast of 3 percent and nearly half of the third quarter's 5 percent rate.

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  5. UPDATE 2-Canada GDP shrinks, stirring talk of another rate cutRead the original story

    Yesterday | Reuters

    Canada's economy unexpectedly shrank by 0.2 percent in November, prompting market talk that the Bank of Canada will cut interest rates in March for the second time in six weeks. Analysts had expected no growth from October.

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  6. Regionals Face Heightened Risk on HELOC ResetsRead the original story w/Photo

    Thursday | National Mortgage News

    Banks have generally heeded regulators' warnings to reduce exposure to home equity lines of credit, ahead of a wave of loans that are reaching the 10-year mark when they will reset. Many banks, especially midsize and regional ones, still hold elevated levels of HELOCs and a significant portion is made up of loans originated between 2004 and 2007.

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  7. Fed focus stays on U.S. economyRead the original story w/Photo

    Wednesday | Reuters

    The economy is pretty good here in the U.S., and that's what matters most, it seems, to the central bank keeping watch. The Federal Reserve taking a clearly upbeat tone in its latest statement, largely looking past overseas weakness, saying "Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy."

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  8. Pittsburgh children get into Guinness World Records with a vocabulary lessonRead the original story w/Photo

    Wednesday Jan 28 | Post-gazette.com

    The world record was announced today by PNC Grow Up Great, which was the brainchild for the event and served as its host. Grow Up Great was started in 2004 by the PNC Financial Services Group.

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  9. Activist Marching Band Delivers Petition to Citigroup Calling on the...Read the original story

    Wednesday Jan 28 | Common Dreams

    Today, an activist marching band and New York City street performers delivered a petition signed by more than 100,000 consumers to the Citigroup headquarters in New York, calling on the firm to remove terms in their contracts that deny customers their right to a day in court. The petition, which targets the five biggest banks that use forced arbitration clauses - PNC, Wells Fargo, JPMorgan Chase, Citigroup and U.S. Bancorp - came from a broad coalition of national consumer and citizen groups including Other 98%, Public Citizen, Consumer Action, National Association of Consumer Advocates and the National Consumer Law Center.

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  10. Fed likely to remain patient as Europe strugglesRead the original story w/Photo

    Sunday Jan 25 | Bank Rate

    When the Federal Reserve releases its statement on Wednesday, it's likely to emphasize the decline in the nation's unemployment, the lack of wage growth, and inflation that remains well short of the Fed's target. Members of the Federal Open Market Committee, or FOMC, are expected to affirm a pledge they made at their last meeting to be "patient" regarding future interest rate moves.

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  11. RBC Ceo eyes Texas in planning City National Bank expansionRead the original story w/Photo

    Monday Jan 26 | Business Journal

    Royal Bank of Canada CEO Dave McKay told the San Francisco Business Times that he has big plans for City National Bank, which could include the California bank opening branches in Texas. Royal Bank of Canada CEO Dave McKay told the San Francisco Business Times that he has big plans for City National Bank .

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  12. People on the Move: 1/25/2015Read the original story w/Photo

    Saturday Jan 24 | Post-gazette.com

    S&T Bank hired George Basara as general counsel and executive vice president, human resources, and Steve Smith as senior vice president, property and purchasing. The Federal Reserve Bank of Cleveland announced the following appointments: Pittsburgh Branch: Dawne S. Hickton, vice chair, president and chief executive officer, RTI International Metals Inc. was reappointed chairman of the board of the Pittsburgh Branch of the Federal Reserve Bank of Cleveland for 2015.

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  13. PNC Financial Worth A Look For The Yield But It's Relatively ExpensiveRead the original story w/Photo

    Saturday Jan 24 | Seeking Alpha

    PNC has held up during the recent selloff in financials and as a result, is more richly valued than many of its competitors. Regional banking behemoth PNC Financial has, like many bank stocks, outperformed the broader market in the past couple of years.

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  14. BB&T Breaks From The Pack AgainRead the original story w/Photo

    Saturday Jan 24 | Seeking Alpha

    BB&T is not buying growth in its Susquehanna Bancshares deal, but it is acquiring a leverageable asset with credible cost synergy potential. BB&T remains undervalued on the basis of a long-term ROE of 12%, with further M&A likely if regulators prove cooperative in closing the Susquehanna deal.

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  15. Business in brief: Your chances for a raise are the best in yearsRead the original story w/Photo

    Friday Jan 23 | Erie Times News

    Many workers might have reason to feel more optimistic about their chances of getting a raise than they have in years. Nearly 2 in 5 small and midsize U.S. businesses, or 38 percent, said they plan to increase salaries in the next six months, the highest level in six years, PNC Financial Services found in a fall survey.

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  16. December home sales rise 2.4%Read the original story w/Photo

    Friday Jan 23 | Journal Gazette

    Northeast Indiana's housing market saw a 1.7 percent decrease in sales last year of existing homes, a report last week from the Upstate Alliance of Realtors said.

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  17. US home sales rise in DecemberRead the original story w/Photo

    Friday Jan 23 | MySanAntonio.com

    More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million.

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  18. Fifth Third Looks Undervalued, But Not Without Some ReasonsRead the original story w/Photo

    Friday Jan 23 | Seeking Alpha

    Fifth Third reported lackluster net interest income as the net interest margin remains under pressure from the rate environment and competition in the bank's lending markets. Fifth Third has structured its operations to pursue growth in middle-market commercial lending while leveraging a well-established Midwestern retail banking base.

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  19. U.S. home sales rise in December, but down for the yearRead the original story w/Photo

    Friday Jan 23 | KPIC

    More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million.

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  20. U.S. home sales rise in DecemberRead the original story w/Photo

    Friday Jan 23 | Finance and Commerce

    More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million.

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