Violation Tracker Parent Company Summary

Parent Company Name: 
PNC Financial Services
Ownership Structure: 
publicly traded (ticker symbol PNC)
Headquartered in: 
Pennsylvania
Major Industry: 
financial services
Specific Industry: 
banking
Penalty total since 2000: 
$523,271,922
Number of records: 
32
Top 10 Primary Offense TypesPenalty TotalNumber of Records
banking violation$232,824,6927
accounting fraud or deficiencies$115,000,0001
wage and hour violation$58,082,1507
benefit plan administrator violation$43,000,0001
anti-money-laundering deficiencies$41,000,0002
False Claims Act and related$21,200,0003
consumer protection violation$8,017,7002
mortgage abuses$3,500,0001
investor protection violation$500,0001
labor relations violation$113,6803
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

NATIONAL CITY BANK; NATIONAL CITY BANK AND ITS SUCCESSOR PNC BANK; National City Commercial Capital Corporation; National City Corp.; NATIONAL CITY D / B / A NATIONAL CITY BANK; NATIONAL CITY MORTGAGE; PNC; PNC CAPITAL MARKETS; PNC ICLC; PNC MORTGAGE; RIGGS BANK; RIGGS BANK NATIONAL ASSOCIATION

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Type Year Agency Penalty Amountsort icon
PNC Bank N.A. banking violation 2013 OCC $180,526,382
PNC ICLC Corp. accounting fraud or deficiencies 2003 DOJ_CRIMINAL $115,000,000
National City Corp. benefit plan administrator violation 2010 private lawsuit-federal $43,000,000
National City Bank and its successor PNC Bank banking violation 2013 CFPB $35,000,000
National City Mortgage wage and hour violation 2008 private lawsuit-federal $27,500,000
Riggs Bank National Association anti-money-laundering deficiencies 2004 OCC $25,000,000
Riggs Bank anti-money-laundering deficiencies 2005 USAO $16,000,000
PNC Bank wage and hour violation 2017 private lawsuit-federal $16,000,000
PNC Bank, National Association banking violation 2018 OCC $15,000,000
PNC Bank N.A. False Claims Act and related 2016 USAO $9,500,000
National City Commercial Capital Company LLC consumer protection violation 2008 MULTI-AG $7,200,000
PNC Bank N.A False Claims Act and related 2013 DOJ_CIVIL $7,100,000
PNC Bank wage and hour violation 2014 private lawsuit-federal $7,000,000
PNC Financial Services wage and hour violation 2016 private lawsuit-federal $6,000,000
National City Mortgage Inc. False Claims Act and related 2008 DOJ_CIVIL $4,600,000
PNC Financial Services Group mortgage abuses 2018 FED $3,500,000
PNC Bank, National Association banking violation 2014 OCC $2,000,000
PNC Bank wage and hour violation 2016 private lawsuit-federal $1,500,000
National City Commercial Capital Corporation consumer protection violation 2006 NY-AG $817,700
PNC Capital Markets LLC investor protection violation 2015 SEC $500,000
PNC Bank, National Association banking violation 2018 OCC $207,245
National City Mortgage Co. wage and hour violation 2007 CA-LCO $76,000
National City Bank banking violation 2003 OCC $56,800
National City Corporation d/b/a National City Bank labor relations violation 2008 NLRB $49,597
PNC Bank labor relations violation 2006 NLRB $40,000
National City Bank banking violation 2009 OCC $34,265
National City Corporation labor relations violation 2009 NLRB $24,083
PNC Mortgage discriminatory practices 2013 HUD $15,000
PNC Bank economic sanction violation 2005 OFAC $8,200
National City Mortgage, Co. wage and hour violation 2004 WHD $6,150
National City Bank economic sanction violation 2003 OFAC $5,500
PNC Bank privacy violation 2002 KY-AG $5,000
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