PNC · 10-Q · 2026Q2 · Full report

FDIC Resolution Proposals

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 32 · Surprise 60 · In source text

On June 30, 2026, the FDIC proposed reducing assessments by 1 basis point for large and highly complex banks such as PNC Bank. The proposal would permit an additional 0.5-basis-point reduction for successful virtual data room testing and another 0.5-basis-point reduction for enabling FDIC access to internal data systems; PNC expects only immaterial cost savings if finalized as proposed. A separate proposal would substantially reduce resolution-plan content requirements, eliminate the FDIC credibility assessment and capabilities-testing expectations, and require submissions every three years without interim supplements in off years. Comments on both proposals are due August 31, 2026.

Key facts

• The FDIC issued proposals on June 30, 2026 to amend assessments (reducing assessments by 2 basis points for smaller banks and by 1 basis point for large and highly complex banks) and resolution plan submission rules; comments are due August 31, 2026. source
• PNC’s initial review indicates the FDIC assessments proposal would result in immaterial cost savings for PNC Bank if finalized as proposed. source

Impact estimates