Royal Bank of Canada's troubled U.S. retail bank, reportedly for sale, would be a plausible acquisition for a half-dozen institutions — half of them domestic, the others foreign.
Their strategic rationales for doing a deal would vary, analysts said. Spain's Banco Bilbao Vizcaya Argentaria, BB&T Bank Corp, of Winston Salem, N.C., and Toronto-Dominion Bank already have branches in RBC Bank's six-state footprint in the South. So their conceivable motivation for buying the unit would be to build on existing market share while saving money by closing redundant locations.
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