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The smooth and relatively short process should be encouraging to other big banks that are eyeing deals. But their window of opportunity may not last long.
November 20 -
Earnings hit could be avoided if BB&T and SunTrust complete deal by 2020; Fannie and Freddie will likely exit conservatorship by 2024, Calabria says; tired of paying 'ransom' to core vendors, two small banks fund new one; and more from this week's most-read stories.
November 15 -
If regional banks really want to compete against behemoths and nonbank entrants they need to emphasize products over M&A.
November 15Oliver Wyman -
Completing the deal before the new year would let the merged company avoid an earnings hit in complying with the Current Expected Credit Loss accounting standard and give it more flexibility on capital adjustments.
November 8 -
BB&T and SunTrust had to sell the branches to get Justice Department approval of their merger, a key step toward closing the deal.
November 8 -
The North Carolina-based credit union is doubling down on claims of trademark infringement following the biggest bank merger in decades.
November 4 -
The Raleigh-based credit union hit its latest milestone just three years after reaching 200,000 members.
October 25 -
A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week.
October 22 -
BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.
October 18 -
The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.
October 17