PNC CEO Bill Demchak Says Regulatory Reforms Could Save Banks ‘Hundreds and Hundreds’ of Full-Time Jobs
Federal regulators’ push to simplify oversight and eliminate low-impact compliance burdens could dramatically ease the operational strain on U.S. banks. During PNC Financial Services Group’s third-quarter 2025 earnings call on Wednesday (Oct. 15), CEO Bill Demchak said the reforms could save banks “hundreds and hundreds” of full-time equivalents (FTEs) currently devoted to responding to regulators’ … Read more