Hard sell ahead for BB&T-SunTrust as 'Truist' lands with a thud
bbt-and-suntrust-atms-bl
Judging by day one on social media, you'd think the new Truist brand was a flop. But marketing and branding experts say the name has a lot going for it. What matters most will be how the two banks advocate for the name.

(Full story here.)
BB&T-SunTrust unveil postmerger name that nods to legacies
Repurposed chart of key stats about combined BB&T, SunTrust
The combined company will be known as Truist, which plays off "trust," a word the banks' original names had in common.

(Full story here.)
Citizens looks to poach BB&T-SunTrust talent, but should expect a fight
AB-061119-MORGAN (2).png
The Rhode Island company is counting on disruption from the megamerger to accelerate its Southeast expansion, according to commercial banking chief Don McCree. But BB&T's Kelly King has a message for him: Not so fast.

(Full story here.)
First Tennessee, Capital Bank to be rebranded as First Horizon
Dawn Morris, chief digital banking and marketing officer of First Horizon National
The Memphis, Tenn., company said a common corporate identity for all its units made sense given a recent acquisition and its growth ambitions.

(Full story here.)
Capital One, Discover prepping for next downturn
AB-061119-cards (1).png
The large credit card issuers are becoming more selective about who they are extending credit to and how much they are willing to lend, their CEOs said Tuesday.

(Full story here.)
Credit union shopping spree funded by taxpayers
congress.jpeg
As credit unions buy up community banks, policymakers should take another look at ending the industry's tax exemption and regulatory breaks.

(Full story here.)
Cheat sheet: What Senate AML bill means for financial industry
Sen. Mark Warner, D-Va.
The good news for financial firms is Congress has moved closer to reforming anti-money-laundering rules. But left behind in the effort is the reform most coveted by the industry.

(Full story here.)
Legalizing pot may be only way to lift cloud over pot banking
marijuana-bl-061119
Recent legislation zeros in on letting financial institutions serve cannabis businesses in states where the substance is legal, but banks may stay on the sidelines if the federal ban on pot remains in place.

(Full story here.)
Credit union courts nonmember deposits (and trouble with banks)
AB-060719-IDAHO.jpeg
Freedom Northwest in Idaho hopes a proposal from the NCUA will help it bring in more deposits to fund a fast-growing mortgage business. Banks are crying foul.

(Full story here.)
Why U.S. consumers are less willing to embrace fintechs
US consumer awareness of fintech
In a study of 27 global markets, the U.S. ranked near the bottom for consumer use of fintech, raising questions about why Americans appear reluctant to dive in.

(Full story here.)