With a “merger of equals” that resulted in the formation of Truist Financial Corporation early last month, the financial services firm reported fourth-quarter results that reflected the “heritage” of BB&T before the merger and both BB&T and SunTrust from the merging closing date forward. The merger was...
In today’s top payments news, SunTrust and BB&T have announced that they have received the regulatory green light to finish their merger to become Truist Financial Corporation. Also, Wells Fargo has launched an integration with the RTP network, letting its business clients send real-time payments. And Australian...
BB&T and SunTrust have announced that they have received regulatory approval to complete their merger to become Truist Financial Corporation. The merger is expected to be completed on Dec. 6, 2019. Truist will be the sixth-largest U.S. commercial bank, serving approximately 10 million U.S. consumer...
SunTrust Banks Inc. reported results on Thursday (Oct. 17) that surpassed revenue expectations but fell in line with analysts’ earnings estimates for the third quarter. But beyond the quarterly numbers, management said the company is satisfied with the movement toward a planned merger with BB&T Corp. Drilling...
November 20, 2019
In today’s top payments news, SunTrust and BB&T have announced that they have received the regulatory green light to finish their merger to become Truist Financial Corporation. Also, Wells Fargo has launched an integration with the RTP network, letting its business clients send real-time payments. And Australian banking firm Westpac was accused of going against anti-money laundering […]
November 20, 2019
BB&T and SunTrust have announced that they have received regulatory approval to complete their merger to become Truist Financial Corporation. The merger is expected to be completed on Dec. 6, 2019. Truist will be the sixth-largest U.S. commercial bank, serving approximately 10 million U.S. consumer households and a range of business clients. BB&T common shares […]
June 25, 2019
The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker, the committee...
June 13, 2019
BB&T and SunTrust have settled on a name for their combined bank: Truist. Truist will be the sixth-largest U.S. bank holding company, serving more than 10 million households in the...
February 07, 2019
SunTrust Banks Inc. (STI) and BB&T Corp. (BBT) announced a $66 billion merger Thursday (February 7), combining the two regional banks. In a press release, the companies said the combined...
