In the USA the FINANCIAL SERVICES GROUP has acquired MERCANTILE BANKSHARES for around €6bn. The offer will be made in both cash and shares. The parity retained for the merger ranges from 0.4184 for PNC shares and $16.45 in cash for each MERCANTILE security. The $17bn in assets provided by MERCANTILE BANKSHARES, will make FINANCIAL SERVICES GROUP the tenth biggest US bank.