PNC - PNC in talks to buy U.S. arm of Spain's BBVA for $10B-plus - WSJ

PNC Financial (PNC) is in advanced talks to buy the U.S. arm of Spanish lender [[BBVA]] for more than $10B, in what would be one of the biggest bank tie-ups since the 2008 financial crisis, WSJ reports.The banks are discussing a combination that could be announced by tomorrow if the talks don't fall apart at the last minute, according to the report.A deal would create the fifth largest retail bank in the U.S., with more than $550B of assets and branches up and down the eastern half of the country.PNC's stock performance has lagged banking peers and the broader the S&P 500 over the past year on a total return basis:

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PNC in talks to buy U.S. arm of Spain's BBVA for $10B-plus - WSJ