PNC Financial Services is set to acquire FirstBank for $4.1 billion, significantly boosting its retail banking presence in the US. This acquisition will establish PNC as the largest bank in Denver and expand its Arizona network, increasing its total assets to approximately $575 billion. The deal underscores PNC’s aggressive growth strategy through acquisitions and organic expansion. Post navigation IPO watch: LG Electronics may launch India arm IPO in October; Rs 15,000-crore issue in works ‘US has long benefitted from free trade’: Chinese envoy slams 50% tariffs on India; calls them ‘unfair, unreasonable’
