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11/16/2020, 2:39 AM (Source: TeleTrader)
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PNC to acquire BBVA's US operations for $11B - reports

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.

Breaking the News / DJ