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Federal Bank Regulators Approves The Amalgamation Of BB&T Corporation (NYSE:BBT) And SunTrust Banks, Inc. (NYSE:STI): Expects To Achieve Cost Savings Of $1.6 Billion

Federal Bank Regulators approved the amalgamation of SunTrust Banks, Inc. (NYSE:STI) with BB&T Corporation (NYSE:BBT) and makes way for the creation of sixth-biggest bank in the nation. Following the merger, SunTrust would retain the corporate and investment banking division. CEO of BB&T welcomes merger The merged entity – Truist Financial Corp will be situated in […]

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