PITTSBURGH— Bill Demchak surprised his friends when he decamped from a high-profile job at JPMorgan Chase for a job at a smaller bank more than two decades ago. Today, the PNC Financial Services Group CEO is determined to turn his bank into a trillion-dollar giant, reshaping the industry in the process. The 63-year-old has been proselytizing that smaller banks need to grow or become casualties to the growing dominance of behemoths like JPMorgan and Bank of America Pressure from investors, regulatory and technology costs and competition from private markets and cryptocurrency present a growing list of threats.
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The CEO Who Wants to Double the Size of His Bank to $1 Trillion
Published 2 months ago
Sep 11, 2025 at 12:00 AM
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