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Last Word
A Conversation With William Demchak
William “Bill” S. Demchak, the chairman and CEO of Pittsburgh-based PNC Financial Services Group, has been on the speaking circuit of late, talking about the changing competitive dynamics between large and small banks. Recently, he spoke with Editor-at-Large Jack Milligan about the importance of scale for an article on page 28. The interview has been edited for clarity and brevity. Why does scale matter to PNC going forward? I think if you’re not growing, you’re dying. But if you look at bank market share since the financial crisis, the very big banks, JPMorgan Chase & Co., Bank of America Corp.…
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WRITTEN BY
Jack Milligan
Editor-at-Large
Jack Milligan is editor-at-large of Bank Director magazine, a position to which he brings over 40 years of experience in financial journalism organizations. Mr. Milligan directs Bank Director’s editorial coverage and leads its director training efforts. He has a master’s degree in Journalism from The Ohio State University.