PNC’s purchase uses the $14 billion it raised from selling its stake in BlackRock to fuel an expansion into Texas and California and compete with U.S. retail banking giants such as JPMorgan Chase and Bank of America.
American Baker names BofA's Cathy Bessant the No. 1 Most Powerful Women in Banking. Mergers & Acquisitions seeks nominations for the Most Influential Women in Mid-Market M&A, due Oct. 14. Hyundai, Aptiv team for self-driving car joint venture.