PNC to be king of US regional banks after BBVA tie-up
Merger unlikely to tip PNC into too-big-to-fail category
Pittsburgh-based PNC Bank will see its assets grow by roughly one-fifth and rival US Bancorp as the largest non-systemic US bank following its takeover of BBVA USA Bancshares.
The acquisition, announced today (November 16), will add $86.4 billion of deposits and $66.4 billion of loans to PNC’s balance sheet, based on Q3 data. Risk Quantum analysis of third-quarter FR Y-9C reports for both entities suggests the combined entity’s total assets would be $565.6 billion, 22% greater than PNC as a
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