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Royal Bank Of Canada Said To Near Sale Of U.S. Bank Unit To PNC

Friday, June 17, 2011 - 9:35 AMRBC Bank (USA) - Details
From Bloomberg
 

Royal Bank of Canada (RY), the nation’s biggest lender by assets, is in advanced talks to sell its U.S. retail banking unit to PNC Financial Services Group Inc. (PNC), people with knowledge of the matter said.

PNC is likely to prevail over a rival bid from BB&T Corp. (BBT), and a deal may come within days....

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