Jamie Dimon's Protege Unveils $4 Billion FirstBank Deal In Bid To Build Trillion-Dollar Banking Giant - PNC Financial Services Gr (NYSE:PNC)
The PNC Financial Services Group Inc. PNC CEO Bill Demchak announced a $4 billion acquisition of Colorado-based FirstBank on Monday, marking a strategic push toward his ambitious goal of creating a trillion-dollar banking giant.The deal positions PNC closer to joining the elite club of too-big-to-fail banks alongside JPMorgan Chase & Co. JPM and Bank of America Corp. BAC, according to a Wall Street Journal report.Check out the current price of PNC stock here.“Jamie Jr.” Builds On Wall Street LegacyIn the ba ...