Getting your player ready...
CHARLOTTE, N.C. — PNC Financial Services Group Inc. on Tuesday said it will pay back $7.6 billion in bailout funds to the U.S. government.
The financial services company received approval to redeem the preferred shares held by the government under the Troubled Asset Relief Program, or TARP.
PNC plans to offer $3 billion of its common stock and senior notes of up to $2 billion.
