As BB&T and SunTrust move forward with plans to merge and base their new bank in Charlotte, executives faced strong scrutiny from lawmakers in a nearly three-hour Congressional hearing Wednesday.
More than six years later, that has yet to be accomplished and investors have shown their displeasure, with the stock up just ...
We look favorably on the announcement that narrow-moat BB&T BBT and no-moat SunTrust Banks STI will combine their operations in a merger of equals. The move combines two of the larger U.S. regional ...
SunTrust took its name from the 1985 merger of Trust Co. of Georgia (founded in 1891) and SunBanks, based in Florida. According to the 2018 ranking of the Brand Finance U.S. 500 corporations, BB&T was ...
NEW YORK (AP) - The name of the nation's newest mega bank is Truist Bank. Southern regional banking giants BB&T and SunTrust said Wednesday that the two would adopt the name for their merged ...
CHARLOTTE, N.C. — A stockholder of SunTrust Banks Inc. is suing to try to block the company’s $66 billion mega-merger with BB&T Corp., alleging SunTrust hasn’t adequately disclosed information ...
RICHMOND, Va. — The planned merger of regional banks BB&T Corp. and SunTrust Banks Inc. will result in some management jobs for the combined company being moved out of the Richmond region to ...
August 18, 2020, 10:00 AM ESTBanking & Financial Services July 15, 2020, 1:57 PM ESTBanking & Financial Services December 09, 2019, 1:32 PM ESTBanking & Financial Services November 20, 2019, 12:14 PM ...
SunTrust Banks Inc. has a poor record in lending to low- and moderate-income borrowers, a rating that might complicate its already uphill battle to upset the merger deal between First Union Corp. and ...
The biggest bank merger since the financial crisis will draw Fed scrutiny, Federal Reserve Chairman Jerome Powell said Tuesday. He said the Fed would evaluate the proposed merger ofBB&T Corp. and ...
GREENSBORO, N.C. - SunTrust Banks Inc. won another round in court late Monday when a North Carolina judge refused to dismiss its lawsuit challenging the merger agreement between First Union Corp. and ...
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