PNC The Shining Bank On The Hill (NYSE:PNC)

PNC Financial has continued to out duel rival bank in terms of stock and earning performance as the financial crisis which began in 2007 comes to and end. PNC is able to do this because of its CEO James Rohr who took over in 2000. In 2007 Rohr was awarded the American Banker of the year. Under Rohr PNC has taken risk management seriously, Rohr stated, "we changed the risk management profile of the company and adopted a very strong risk management culture with a moderate risk profile." The result was that PNC strayed from risky lending and leveraged buyouts. This received complaints from investors early on in the decade but today PNC towers over most of its competition.

In 2002 the Securities and Exchange Commission accused PNC of "materially false and misleading" statements when it reported its 2001 fourth-quarter and full-year earnings. PNC agreed to pay $25 million in penalties. This scandal also caused changes to PNC's risk management and the company decided to exceed the highest standards. This tight risk management will help PNC in the ongoing credit foreclosure scandal. It is likely a company of such quality will be better off than the companies who have processed foreclosure documents to quickly.