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PNC Financial Services Group Inc. (NYSE:PNC) is seeking to expand its business in Canada. The company has applied to convert its corporate banking office in Toronto to a full-service branch, according to a Reuters report, which cited a notice of application in the Canada Gazette.
Notably, in June 2011, PNC Financial announced its plan to purchase RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada (NYSE:RY), for $3.45 billion. The acquisition would help PNC Financial to expand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards