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Stock Market & Financial Investment News

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March 14, 2013
16:47 EDTPNCPNC Financial's capital plan accepted by regulators, plans to raise dividend
PNC Financial announced that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions, which included a recommendation to increase the quarterly common stock dividend in Q2. A share repurchase program for 2013 was not included in the capital plan primarily as a result of PNC's 2012 acquisition of RBC Bank and expansion into Southeastern markets.
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