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"Passion and theology may sound odd put into the same sentence. But…if theology does not lead to passion about and for God it is useless. —J.I. Packer"

FNB’s Shameful Public Purse Raid

Aggregator by Aggregator
November 2, 2021
in Economy
FNB’s Shameful Public Purse Raid
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“FNB Corp. reported third-quarter profits rose 36 percent from a year ago on record revenue as the Pittsburgh-based bank benefited from the release of reserves it had set aside to cover bad loans,” the Post-Gazette reports.

So why is the obviously healthy banking giant receiving $10 million in public money to help it build the now-$240 million skyscraper on the site of the former Pittsburgh Civic Arena?

“Earnings were $109.5 million, or 34 cents per share, up from $80.8 million, or 25 cents, in the third quarter last year. Revenue was $321.3 million, up 4.6 percent from $307.1 million,” the Post-Gazette detailed.

Continue Reading

Source: AIER
Tags: bankEconomyFNBmoneyPittsburghpublicskyscraper
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