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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Banks

National City Bank and PNC Bank owe $102 million in damages for breaching their duties to beneficiaries of various pre-need funeral trusts, allowing the business owner to make unauthorized withdrawals on the accounts, a federal judge ordered in a 305-page ruling.

ST. LOUIS — National City Bank and PNC Bank owe $102 million in damages for breaching their duties to beneficiaries of various pre-need funeral trusts, allowing the business owner to make unauthorized withdrawals on the accounts, a federal judge ordered in a 305-page ruling.

Categories / Financial

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