Banking & Finance

PNC Launches Equipment Finance Group

PITTSBURGH -- PNC Equipment Finance, a member of The PNC Financial Services Group Inc., has created a Structured Finance Solutions group, Rich Doherty, president of the subsidiary, announced Thursday.

GM, Cruze Sales Decline, Big Month for Chrysler

DETROIT -- General Motors Co. dealers delivered 272,423 vehicles in the United States in August, down 1.2% from last August -- the top sales month of 2013, the company reported this morning.

House Prices in Youngstown, Warren Region on Upswing

IRVINE, Calif. -- The prices of houses in the Youngstown-Warren-Boardman area rose 7.4% in July compared with July 2013, CoreLogic announced Tuesday. Month-over-month, the prices rose 2.7% compared to June.

Half of Americans Avoid Stocks, Bonds Markets

BLOOMINGTON, Ill. -- The stock market has recovered since the Great Recession, but many Americans remain wary of investing or simply unable to get started. Just more than half, 51%, said in a survey that they do not invest in the stock or bond markets in any way.

For those that do not invest, 56% say not having enough money is the biggest obstacle, found the Country Financial Security Index survey. Americans also cite their distrust of the stock and bond markets (12%) and not knowing how to get started (11%).

Underwater Mortgages in US Fall to 17%

SEATTLE -- One in six U.S. homeowners with a mortgage -- or 8.7 million Americans -- was underwater in the second quarter despite rising residential values, Zillow reported Wednesday.

Business Economists Think Fed Policy on Right Track

OBA Shareholders Vote to Join F.N.B. Corp.

PITTSBURGH -- Shareholders of OBA Financial Services Inc., based in Germantown, Md., voted to become part of F.N.B. Corp., the companies announced Thursday.

Used-Car Prices Will Fall, but Gradually

McLEAN, Va. -- Is a sharp correction in used-vehicle prices imminent? The National Automobile Dealers Association expects used-vehicle prices will indeed begin to fall -- gradually.

Mobile Banking Gains in Popularity, ABA Finds

Foreclosure, Delinquency Rates Drop in June

YOUNGSTOWN, Ohio -- Foreclosure rates in Youngstown-Warren-Boardman decreased for the month of June over the same period last year, according to newly released data from CoreLogic, Irvine, Calif.

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