WINSTON-SALEM, N.C. - BB&T Financial Corp. and Southern National
The "new" Southern National is the nation's 36th largest bank holding
The merged entity, to be based in Winston-Salem, N.C., will be listed on
Former BB&T chairman John A. Allison will serve as chairman and chief
Southern National chairman Glenn Orr is retiring, but will remain a
The transaction will be accounted for as a pooling of interests in which
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
