After Shake Shack Inc. registered less-than-expected comparable sales and set disappointing targets for this year, the quick-service restaurant’s stock dropped on Tuesday (Feb. 25) as delivery growth also slowed during a shift to a sole partnership with Grubhub. Shares fell in their largest intraday drop...
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...
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 […]
September 08, 2016
Same Day ACH is on the cusp of entering the market, blockchain startups are making their visions a reality with bank partners and the financial services industry as a whole,...
February 25, 2020
After Shake Shack Inc. registered less-than-expected comparable sales and set disappointing targets for this year, the quick-service restaurant’s stock dropped on Tuesday (Feb. 25) as delivery growth also slowed during a shift to a sole partnership with Grubhub. Shares fell in their largest intraday drop as of Nov. 5, with the stock plunging by as […]
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...
