PNC Bank now enables eligible clients of its PNC Private Bank to buy, hold and sell bitcoin directly through its digital banking system.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.These direct spot bitcoin trad ...

PNC Bank debuted a service on Tuesday that allows some customers to trade Bitcoin on its banking platform, broadening the asset’s accessibility through Coinbase. The bank said the exchange’s “Crypto-as-a-Service” model underpins the offering, which rolled out to eligible customers following the announcement of a strategic partnership in July. The option is available to customers of PNC Private Bank, its service for high-net-worth customers and business owners. As the eighth-largest commercial bank by assets ...

这是传统金融服务机构通过自有平台提供数字资产交易服务的最新案例，此前这类服务主要由 Coinbase 等加密货币交易所承担。Coinbase 机构业务联席首席执行官布雷特・特伊保尔表示，通过与 PNC 的合 作，Coinbase 将提供经纪服务与技术集成支持，助力客户完成任意金额的比特币交易。 目前该服务仅向 PNC 私人银行客户开放，服务对象包括高净值投资者及家族办公室。客户可通过其投 资管理账户购入加密货币，而这些账户的资金通常来源于客户在 PNC 的支票账户。 PNC 首席执行官比尔・德姆查克在接受采访时表示："整体而言，金融科技公司试图通过各类产品，蚕 食我们与客户的关系，极端情况下甚至会让银行沦为单纯的后台部门，他们本不该有这样的机会。" Coinbase 正愈发频繁地为有意试水加密货币业务的金融机构提供托管及交易服务。特伊保尔将 Coinbase 的这一发展历程比作亚马逊通过亚马逊云科技（AWS）拓展网络基础设施服务的过程。 PNC 金融服务集团的高净值客户如今可直接通过其投资账户进行比特币交易，此举兑现了这家总部位 于匹兹堡的银行今年 7 月与 Coinbase 全球公司达成合作时的初步目标。 ...

PNC Bank is now offering direct bitcoin (BTC) trading to its private banking clients, becoming the first major U.S. bank to embed spot bitcoin access inside its digital banking platform. The new feature, which went live Monday, caps off a partnership with Coinbase (COIN) that’s been in development since 2021 and was formally announced in July this year. The feature is available to eligible clients of PNC Private Bank and is powered by Coinbase’s Crypto-as-a-Service (CaaS) platform. The integration, whic ...

Strategic Partnership Empowers PNC Private Bank Clients with Bitcoin Trading PITTSBURGH, Dec. 9, 2025 /PRNewswire/ -- PNC Bank today announced the launch of direct spot bitcoin trading capabilities for eligible clients of PNC Private Bank®, making PNC the first to market with such an offering among the major U.S. banks. Powered by Coinbase's Crypto-as-a-Service ("CaaS") market leading infrastructure, PNC has enabled clients to buy, hold and sell bitcoin directly through PNC's own digital banking platform. T ...

PNC Financial Services Group Inc.’s high-net-worth customers can now trade Bitcoin directly through their investment accounts, fulfilling an initial goal of the Pittsburgh-based lender’s partnership with Coinbase Global Inc. announced in July. The move is the latest example of a traditional financial services provider offering digital asset trading through its own platform — a role still primarily filled by cryptocurrency exchanges such as Coinbase. Through its partnership with PNC, Coinbase provides brok ...

PNC Mane St. Branch Exterior The highlight was a five-foot-tall foam mullet made from approximately 700 sections of synthetic, vibrant red hair, perched atop a faux barbershop, creating an unforgettable visual centerpiece. No less than 350 bottles of hairspray were used to coif a mane so epic its collective strands could lap the earth two and a half times. The immersive pop-up featured authentic barbershop chairs and was designed to celebrate growth in every form, including both hockey hair and financial su ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When a homeowner bought their new home in December 2023, they thought the hard part was over. Weeks later, they learned that someone had opened a $50,000 home equity line of credit on their property, and it wasn't them. The Discovery Came During A Refinance The homeowner only found out about the fraudulent HELOC when trying to refinance. The title company flagged the lien during the process. “I was comple ...

With a market cap of $74.8 billion, The PNC Financial Services Group, Inc. (PNC) is a major U.S. diversified financial services company. It operates through Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments, serving customers ranging from individuals to large institutions. Companies valued over $10 billion are generally described as “large-cap” stocks, and PNC fits right into that category. PNC provides a broad suite of banking, lending, investment, and financial manag ...

Core Insights - The article discusses the contrasting strategies of Citigroup and PNC Financial in a competitive banking environment, highlighting their respective challenges and opportunities influenced by economic conditions and internal strategies [1][2]. Citigroup Overview - Under CEO Jane Fraser, Citigroup is implementing a multi-year strategy to streamline operations and focus on core businesses, including exiting consumer banking in 14 markets across Asia and EMEA, with nine exits completed [3][4]. - Recent initiatives include integrating the Retail Banking unit into the Wealth business, elevating U.S. Consumer Cards, and selling its Russian banking unit, which is part of a broader withdrawal strategy [4]. - Citigroup plans to sell a 25% stake in Banamex, with a full divestiture expected, and is winding down its Korean consumer banking operations while preparing for an IPO of its Mexican operations [4]. - The bank has overhauled its operating model, reducing bureaucracy and complexity, and plans to cut 20,000 jobs (about 8% of its workforce) by 2026, having already reduced headcount by over 10,000 [5]. - Citigroup expects revenues to exceed $84 billion in 2025, with a projected 4-5% CAGR through 2026, and has raised its net interest income (NII) growth guidance to 5.5% for 2025 [6]. PNC Financial Overview - PNC Financial is focusing on expansion through targeted acquisitions and partnerships, contrasting with Citigroup's contraction strategy [7]. - The bank has agreed to acquire FirstBank Holding Company, which will enhance its presence in Arizona and increase its branch network [8]. - PNC is also expanding its branch initiative to a total investment of about $2 billion, planning to open over 300 branches and hire over 2,000 employees by 2030 [11]. - PNC's NII is projected to rise 6.5% year-over-year in 2025, supported by improving lending activity and stabilizing funding costs [12]. Performance and Valuation Comparison - Year-to-date, shares of PNC Financial and Citigroup have risen 3.2% and 49.7%, respectively, compared to the industry's growth of 30.3% [13]. - PNC is trading at a 12-month forward P/E of 10.90X, while Citigroup is at 10.50X, both below the industry average of 14.27X [17][19]. - Citigroup has increased its dividend by 7.1% to $0.60 per share, yielding 2.34%, while PNC raised its dividend by 6% to $1.70 per share, yielding 3.54% [19]. - Earnings estimates for PNC indicate a rise of 14.7% and 11.4% for 2025 and 2026, respectively, while Citigroup's estimates show a jump of 27.7% and 31.1% for the same years [22][26]. Strategic Outlook - Both banks are executing their strategies effectively, with PNC providing higher dividend income and steady earnings, while Citigroup is focused on restructuring and reallocating resources towards higher-growth areas [27]. - Citigroup's transformation is expected to unlock capital and improve profitability, with a more attractive valuation compared to PNC [28].