Strong growth in the investment services business of PNC Bank helped temper declines in lending and other units that rely on interest income, the parent of the Pittsburgh-based bank announced on Wednesday.
The Asset Management Group, which includes personal wealth management for high-net-worth and ultra-high-net-worth clients, raked in $362 million in revenue in the second quarter, up $22 million, or 6%, from $340 million in the same quarter the year before.
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