In a significant move set to reshape Spain’s banking landscape, the European Central Bank (ECB) has given its much-anticipated approval to Banco Bilbao Vizcaya Argentaria’s (BBVA) takeover bid for Banco Sabadell. This green light from the ECB removes a significant regulatory hurdle, clearing the way for one of the largest mergers in the European banking […]
The PNC Financial Services Group has secured key regulatory approvals in the US needed for wrapping up the previously announced $11.6 billion acquisition of BBVA USA Bancshares. The approvals to the all-cash deal signed in November 2020 were granted by the Board of Governors of the Federal Reserve System and the Office of the Comptroller […]
PNC Financial Services Group has signed an all-cash deal worth $11.6 billion to acquire BBVA USA Bancshares, the US banking arm of Spanish banking giant BBVA. Based in Texas, BBVA USA Bancshares, through its subsidiary BBVA USA, holds $104 billion in assets. Through its 637 branches spread across Texas, Alabama, Arizona, Colorado, Florida, California, and […]