The Federal Reserve approves PNC's $3.45B acquisition of the U.S. retail banking subsidiary of...

|About: PNC Financial Services G... (PNC)|By:, SA News Editor

The Federal Reserve approves PNC's $3.45B acquisition of the U.S. retail banking subsidiary of Royal Bank of Canda (RY). RBC is selling about $27B in assets in 424 branches across the southeast portion of the country.