Creating the Fifth Largest Retail Bank in the Nation

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

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. Questions: 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? Source: Hirsch, L…. Read more »

Walking a Tight Wire in the Kraft – Cadbury Merger?

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Kraft Foods, Inc. Chief Executive Officer, Irene Rosenfeld, is walking a tight wire in negotiations to buy Cadbury Plc. She is trying to please Cadbury investors, but is receiving criticism by Kraft investors, like Warren Buffet, who says the takeover is diminishing its merit by paying too much stock for the deal. The current cash-stock… Read more »