PNC to Buy RBC Unit for $3.45 Billion

PNC Financial Services Group agreed on Sunday to buy Royal Bank of Canada 's U.S. retail bank operations for $3.45 billion, helping it expand in markets in the U.S. Southeast, two people familiar with the matter said on Sunday.

See Full Article

Source: CNBC

Manchester United put off by Inter Milan's £35 million valuation of Wesley Sneijder
Manchester United fear financial cost becoming growing obstacle in attempt to sign Inter Milan's Wesley Sneijder.
Temasek Sells $3.63 Billion of China Banking Shares
Temasek Holdings Pte, Singapore’s state-owned investment company, raised HK$28.2 billion ($3.63 billion) selling stakes in China Construction Bank Corp. and Bank of China Ltd., two of the mainland’s...
Temasek raises $3.6 billion from sale of China banks' stakes
HONG KONG/SINGAPORE (Reuters) - Singapore's Temasek sold stakes in two of China's biggest banks on Wednesday to raise $3.6 billion, in a move likely aimed at reducing the sovereign investor's big exposure...
Six SRIs, Public Finance To Create RM13 Billion Fiscal Space
KUALA LUMPUR, July 5 (Bernama) -- Six strategic reforms initiatives (SRIs) announced today, which includes the Public Finance SRI, aims to create RM13 billion in fiscal space and complete the framework...
Greece warned as €12 billion approved
Euro zone finance ministers approved a €12 billion instalment of Greece's bail-out at the weekend.
Standard Chartered’s Korean Banking Unit Workers Strike Over Incentive Pay
Workers at Standard Chartered Plc (STAN) ’s South Korean banking unit plan to go on strike today in the worst labor dispute involving foreign banks in the Asian nation in more than five years.
Renasant to buy RBC Bank trust unit
(Reuters) - Renasant Corp said its banking subsidiary will buy an asset management department from Royal Bank of Canada's U.S. unit, nearly doubling the amount of assets it manages to $1.5 billion.