IN MAY PNC, America's seventh-largest retail bank by assets, sold a stake in Black-Rock, an asset manager, for $17bn. Bill Demchak, pnc's boss, said at the time that worries about the economy had prompted it to divest, in order to "bullet-proof" its balance-sheet. On November 16th he broke cover, pnc said it would buy the American arm of bbva, Spain's second-largest bank, for $11.6bn. The deal could set off a scramble for scale on both sides of the Atlantic. Indeed, bbva in turn said on the same day that it was in merger talks with Sabadell, another Spanish lender.
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机译：5月PNC，美国的第七大零售银行按资产，170亿美元的资产经理卖出了Black-Rock的股份。 PBNC的BOSS B Bill Demchak，在担心经济担心促使它剥离，以便“防弹”其资产负债表。 11月16日他打破了封面，PNC表示将购买西班牙第二大银行的BBVA的美国ARM，以116亿美元。这笔交易可以在大西洋两侧的规模上取消争夺。事实上，BBVA反过来在同一天说，它是与Sabadell的合并谈话，另一个西班牙贷款人。
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