PNC's Demchak sees tougher road for bank M&A

2021-07-15

The merger between PNC Financial Services Group and BBVA would receive "much more political scrutiny and noise" today than when PNC announced the merger last November, says PNC Chairman and CEO Bill Demchak. President Joe Biden signed an executive order last week asking regulators and the Department of Justice to review the process for approving such deals.

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