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BNY Mellon close to buying PNC unit

29 January 2010

BNY Mellon is in final-stage talks to buy the custody unit of PNC Financial Services

Read more: BNY Mellon PNC Financial Services custody

Bank of New York Mellon is in final-stage talks to buy a unit of Pittsburgh-based PNC Financial Services, for about $2.5 billion, The Wall Street Journal reports. The unit, PNC Global Investment Servicing, provides back-office processing for financial...


 

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