SEC Expands Probe of PNC Financial
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Bloomberg News
The Securities and Exchange Commission has widened its investigation of PNC Financial Services Group’s accounting, sending subpoenas to the company’s auditor, Ernst & Young, and a company partner, American International Group Inc.
The SEC has been investigating PNC’s accounting for transactions intended to remove problem loans from its books.
PNC stock rose 45 cents to $55.80 on the NYSE.
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