PNC parlays its BlackRock cash into $11.6 billion BBVA deal

(Bloomberg) –PNC Financial Services Group Inc. agreed to buy
Banco Bilbao Vizcaya Argentaria SA’s banking operations in the
U.S. for $11.6 billion, vaulting past rivals to become the
country’s largest regional bank. PNC’s purchase uses the $14
billion it raised earlier this year from selling its stake in
BlackRock Inc. to fuel an expansion into […]