PNC CEO would be 'shocked' if a big bank went up for sale
Key Insight: Discover why large banks aren't buying each other.What's at Stake: Large banks can use deals to expand in markets where they would otherwise have to grow organically.Forward Look: Smaller banks may continue to sell, but at higher valuations.Big banks aren't for sale. That's what PNC Financial Services Group Chairman and CEO Bill Demchak says, at least. His $559 billion-asset company isn't expecting to buy a large financial institution in the near term, despite its well-known growth ambitions — ...