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| Economy |
| BB&T to buy SunTrust in biggest bank deal since 2009 |
| 2019-02-07 |
| (Reuters) - BB&T Corp will buy SunTrust Banks Inc for about $28 billion in an all-stock deal, the companies said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis. |
| Posted by:Besoeker |
| #3 I bank at BB&T. They kept their noses clean and stuck to their core business, so never got into a situation that would have put them in trouble during the 2007-2009 crisis. They refused to lower their standards to meet the bs the Fed was demanding, so the Obama Fed wouldn't let them expand branches in retaliation. This may be a move to get more branches without having to go through the Fed and the Obama holdouts therein. Not sure if the suntrust people were honest stating their liabilities, in which case there may be trouble. I'm leaving my ESP where it is at to observe how things turn out, since my plan originally was to put everything under their roof. The stadium? better than even chance the new management will let that go... |
| Posted by: Ptah 2019-02-07 13:57 |
| #2 1) They get to rename the Atlanta Braves Stadium? SunTrust Park may need a new name sarc |
| Posted by: Beavis 2019-02-07 11:52 |
| #1 What's in it for shareholders? |
| Posted by: Bright Pebbles 2019-02-07 11:13 |