PNC Financial Services to Buy U.S. Arm of Spain’s BBVA for $11.6 Billion

Deal is one of the largest bank tie-ups since the financial crisis

The BBVA building in downtown San Antonio in 2018.

Photo: Robert Alexander/Getty Images

香蕉视频苹果下载PNC Financial Services Group Inc. agreed to buy the U.S. arm of Spain’s BBVA for $11.6 billion, the companies said Monday, in one of the largest bank tie-ups since the financial crisis.

A deal would create the fifth-largest U.S. retail bank with more than $550 billion in assets, a giant in an industry that has been slow to consolidate.

The...

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