Fed approves acquisition of BBVA's U.S. banking arm by PNC

by Aurelia Butler 14 May 2021, 21:40 199 Views

WASHINGTON (Reuters) – The U.S. Federal Reserve said on Friday it had approved the acquisition of the U.S. operations of Spanish lender BBVA (MC:BBVA) by PNC Financial Services Group Inc (NYSE:PNC), clearing the way for a deal first announced in November.

The $11.6 billion cash acquisition will be the second largest since the 2008 financial crisis when completed, creating a bank with nearly $650 billion in assets spread across roughly two dozen U.S. states.

Source: Economy - investing.com

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Fed approves acquisition of BBVA's U.S. banking arm by PNC

Chance of a price crash increases as Cardano (ADA) futures near $1B

Many Americans can’t afford an emergency expense. Some are calling for employers to help with that

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