PNC Buys Riggs

PNC Financial Services Group has bought the troubled Riggs National Corp for $779 million. Riggs, which has agreed to pay a $25 million fine amid allegations of possible violations of US money laundering....

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By: Contributing Editor
January 18, 2005
PNC Financial Services Group has bought the troubled Riggs National Corp for $779 million. Riggs, which has agreed to pay a $25 million fine amid allegations of possible violations of US money laundering....