BNY Mellon May Buy PNC Unit For $2.5 Billion
PNC will use funds to pay down $7.6 billion in government Troubled Asset Relief Program funds.
January 29, 2010
In this Sept. 30, 2009 photo, a man leaves the Bank of New York Mellon in New York. Bank of New York Mellon Corp. said Tuesday, Oct. 20, 2009, that it took a hefty charge during the third quarter to restructure its investment portfolio, resulting in a loss of almost $2.5 billion for the period.(AP Photo/Mark Lennihan)
Mark Lennihan/AP
