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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.


  1. Where is BBVA USA Bancshares headquartered?
  2. How many customers does PNC serve?
  3. 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