Who says banks aren't lending?

nitinbadjatia — Fri, 13 Feb 2009 14:41:01 +0000

Here’s a picture of the three envelopes I received in the mail from PNC yesterday:

PNC's pick an envelope campaign

If you can’t tell from the small picture, one envelope says I qualify for an introductory APR of 0.99%, another says 1.99%, and a third was blank on the cover, but opening it revealed a surprise – only 4.99%!

Last week PNC called me to see if I was interested in a home equity line of credit. Well, I might have been, you know, if I actually owned a home!

I’m not sure if this is poor customer data management or just a bank that is trying to show congress that it’s eager to lend.

PNC Expects Loss, but Says National City Stronger Than Estimated (nytimes.com)
PNC Buys National City and Hits the TARP (usnews.com)

Posted in Business Tagged: Bank, credit cards, Financial armageddon, National City, PNC Financial Services, TARP, United States

Nitin Badjatia » National City

Who says banks aren't lending?

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