Mainstream banks outside the U.S. are sampling cryptocurrencies, offering customers ways to invest and store bitcoin and other digital assets. Banco Bilbao Vizcaya Argentaria SA—Spain’s second-largest lender by assets, with operations in Latin America and Turkey—allows customers to hold, buy and sell bitcoin and ether through a digital account. Traditional banks have resisted offering retail customers anything other than assets …
NEW YORK — PNC Financial Services Group Inc. said Monday it is buying the U.S. subsidiary of Spain’s BBVA bank for $11.6 billion in cash. BBVA’s U.S. operations, which are based in Houston, Texas, have $104 billion in assets and operate 637 branches, mainly in the south and southwest of the country. “Our acquisition of BBVA USA will accelerate our …
