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PNC Financial Services Group is in talks to sell its $54.6 billion institutional asset manager, Baltimore-based PNC Capital Advisors, to Federated Investors, according to multiple sources.

Pensions & Investments reports that under the potential deal, Pittsburgh-based Federated sees an opportunity to acquire additional money market assets, which represent a significant chunk of PNC Capital Advisors’ business.

Pensions & Investments, which cites three anonymous sources, says that one source said a deal could be announced as soon as next week.