Breakingviews TV: Bank job

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  • Reuters published this video item, entitled “Breakingviews TV: Bank job” – below is their description.

    BBVA is selling its struggling American unit to PNC for $11.6 billion. The deal gives boss Carlos Torres firepower to expand elsewhere. Rivals Santander and HSBC should follow suit but, as Christopher Thompson explains, they face a shortage of similarly deep-pocketed buyers.

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