PNC to acquire BBVA's US operations for $11B - reports

Monday, 16. November 2020 02:39

PNC Financial Services Group Inc. is in advanced negotiations to buy Spanish bank BBVA's United States operations, media reported. According to the Financial Times, the all-cash deal could be worth more than $11 billion.

The agreement is expected to be announced on Monday. If concluded, it would create the fifth-largest US retail bank by assets, the FT wrote.

Related Links: The PNC Financial Services Group Inc.Banco Bilbao Vizcaya Argentaria (BBVA)
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