PNC must go to work on integrating BBVA into the organization, which includes achieving cost savings and hopefully finding revenue synergies.
At this time, I would like to welcome everyone to the PNC Financial Services Group earnings conference call. Participating on this call are PNC's chairman, president, and CEO, Bill Demchak; and Rob Reilly, executive vice president and CFO. Now I'd like to turn the call over to Bill.
Banco Bilbao (BBVA) has launched a Bitcoin trading service, following six months of testing with a select group of users. The new service will be available only in Switzerland and will target private banking clients exclusively. The financial services company is limiting the service to Switzerland, given the clear regulation and widespread crypto adoption in the European nation. The new service will include trading of Bitcoin and custody services. Additionally, the Bitcoin management system will