Banking

Business & Economy
5:14 pm
Mon June 20, 2011

Raleigh-based RBC Bank Sold

RBC bank
Credit RBC

PNC Financial has announced that it will buy Raleigh-based RBC Bank in a move that will allow the Pittsburgh-based bank to expand into the South. The deal is worth nearly $3.5 billion. Jim Westlake is the CEO of RBC Bank in Raleigh. He says he doesn't know yet what the local impact will be.

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Business & Economy
5:45 am
Mon June 20, 2011

"Unbanked" Consumers at Greater Risk for Theft

New research shows getting so-called "unbanked" people into the formal banking system can be good for the community. Alejandro Sanchez works for the Latino Credit Union in Durham. He says the study from the University of Virginia listed several advantages to bringing banking to previously unserved areas.

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