According to the New York Times, PNC Financial Services said that it plans to acquire the U.S. business of the Spanish lender BBVA for $11.6 billion.
- Where is BBVA USA Bancshares headquartered?
- How many customers does PNC serve?
- What did PNC sell earlier this year to provide cash for other acquisitions?
Hirsch, L. (2020). PNC Strikes $11.6 Billion Deal to Buy U.S. Operations of Spanish Bank BBVA. The New York Times, Nov. 15 (Retrievable online at https://www.nytimes.com/2020/11/15/business/dealbook/pnc-spanish-bank-bbva-sale.html)