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Violation Tracker Individual Record

Company: PNC Bank N.A
Current Parent Company: PNC Financial Services
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $7,100,000
Year: 2013
Date: January 25, 2013
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: PNC Bank N.A. agreed to pay $7.1 million to settle claims under the False Claims Act that it failed to engage in prudent underwriting practices in connection with the issuance of loans guaranteed by the Small Business Administration.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.