Hints and tips:
...The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist....
...PNC acquired the US operations of Spain’s BBVA for $11.6bn in 2020, creating the fifth-largest bank in America, and a year earlier BB&T combined with SunTrust to form a large financial institution across...
...This hit fever pitch in 2019 when BB&T Corp and SunTrust banks combined in a $28bn deal to create Truist Financial, a super regional that now has more than $510bn in assets....
...When regulators approved a merger between BB&T and SunTrust last year, the biggest industry deal since the crisis, Democratic senator Sherrod Brown complained that deregulation had “amplified the potential...
...The all-share, low-premium deal follows a pattern set by SunTrust — a so-called “merger of equals”....
...It was a potential greenfield opportunity for Microsoft as it looks to expand into new markets, added Youssef Squali, an analyst at SunTrust....
...Two southern banks, BB&T and SunTrust, hooked up in February to create a bank called Truist, with $460bn in assets....
...BB&T and SunTrust shareholders will split the ownership of the new bank in a ratio of 57 to 43....
...All of those reasons support the idea that Morgan Stanley could be a trendsetter for big banks in a way that last year’s $28bn acquisition of US regional group SunTrust by rival BB&T was not....
...Youssef Squali, an analyst at SunTrust Robinson Humphrey, said: “In a way it would be easier for Mr Zuckerberg to step away from political advertising, given it contributes so little to the company’s sales...
...The BB&T/SunTrust combination will have an asset base of $442bn, nowhere close to a JPMorgan or Citigroup....
...BB&T’s acquisition of rival SunTrust for $28bn is certainly a defining moment for the industry. It's fist bumps all round for SunTrust’s Bill Rogers, left, and BB&T’s Kelly King....
...First, the touching courtship of Kelly King and Bill Rogers, chief executives respectively of BB&T and SunTrust Banks of the US....
...BB&T shares were up 4.5 per cent in afternoon trading while SunTrust rose more than 8 per cent. SunTrust stockholders will receive 1.295 shares of BB&T for each SunTrust share they own....
...SunTrust’s shares closed up 10 per cent and BB&T’s up almost 4 per cent....
...Mr O’Hara will join Shutterfly from Move Inc, a property website company owned by News Corp, where he has been chief executive since 2015....
...Two mid-sized American banks are joining forces in a $66bn merger - BB&T and Suntrust....
...interest in eBay . . . given the stock’s recent underperformance as well as our long-held belief that there is an opportunity to spin-off assets to enhance shareholder value,” Youssef Squali, analyst at SunTrust...
...Corp bonds QE has been done before (they hold £10bn) still a potential route if credit mkts do seize up down the line....
...Then come the rest of the megabanks, followed by big regionals such as BB&T and SunTrust. Bringing up the rear are specialists in credit cards and car loans, such as Capital One, Ally and Discover....
...“There’s a strong correlation between tax reform and capital spending,” added Youssef Squali, an internet analyst at SunTrust Robinson Humphrey, pointing at Google and Facebook, which plan to spend a combined...
...Fox Corp has appointed former US house speaker Paul Ryan to its board of directors....
...Sizeable mid-sized operators including BB&T, SunTrust and Citizens Financial, as well as smaller community banks and credit unions, would enjoy relief....
...OnDeck, another small-business specialist, saw its shares rise about one-fifth on Monday after posting solid earnings and announcing deeper partnerships with two big banks, JPMorgan Chase and SunTrust....
...The US Army Corps of Engineers, which reviewed the route, concluded last year that the current one is the best option....
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