More on PNC's mortgage repurchases: The company will set aside $350M in Q2 to cover possible...

|About: PNC Financial Services G... (PNC)|By:, SA News Editor

More on PNC's mortgage repurchases: The company will set aside $350M in Q2 to cover possible investor requests, which are related to soured loans made by National City, purchased by PNC amidst 2008's panic. Added to earlier provisions, this brings losses to $1.6B. Shares -1.5% after being down 4% earlier.