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PNC - PNC Financial expects to close $11.6B BBVA USA purchase on June 1
PNC Financial Services Group Inc.
PNC Financial Services (PNC) receives regulatory approval from the Federal Reserve and the Office of the Comptroller of the Currency for its planned acquisition of BBVA USA Bancshares, clearing the way for an anticipated closing on June 1.It also received state approvals from Alabama and Texas.PNC agreed in November to buy the U.S. business of Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) for $11.6B.