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PNC nears $11 billion deal to buy US operations of Spanish bank BBVA

PNC nears $11 billion deal to buy US operations of Spanish bank BBVA

PNC Financial Services Group is reportedly discussing a purchase of the U.S. business of the Spanish lender BBVA in a deal that could be valued at more than $11 billion. The sale could be announced on Monday, media reported. If the deal goes through it would create the nation’s fifth-largest retail bank, with more than $550 billion of assets.

Clara
Clara
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