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As Texas deals with Winter Storm Uri and its ripple effects, BBVA USA has announced it will donate a total of $250,000 toward community relief efforts through the BBVA Foundation, and has begun offering customer assistance in the form of payment deferrals and fee waivers, among other items.
BBVA USA recently announced the formation of its third Business Resource Group (BRG), this one in support of Black and African-American employees.
As part of its work around helping people better understand their financial health and make better financial decisions, BBVA USA recently launched BBVA Insights in its online banking and mobile banking app.
BBVA has agreed to sell to PNC its subsidiary in the U.S. for $11.6 billion (€9.7 billion¹) in cash, an amount that represents 19.7 times the unit’s 2019 earnings², and that is almost 50% of BBVA’s current market capitalization.
As integration planning efforts continued—and almost one month after PNC’s acquisition of BBVA’s U.S. subsidiary was announced— BBVA USA team members across the bank began to be introduced to PNC’s leaders and structure in a series of virtual town halls.
``To all our colleagues in the US: Thank you for your great work all these years, and we wish you all the best in this new phase full of opportunities.``
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