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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 […]

SunTrust (NYSE:STI) Set To Terminate Business Relationships with Detention Centers

SunTrust (NYSE:STI) will end business relationships with players in the private prison industry, reports indicate. The decision comes on the back of uproar across the US concerning the manner in which migrant children are treated in detention centers. A mass walkout could be in the offing The Atlanta-based banking giant did not give a clear […]

Cyberattack postings by Goldman and Citigroup – GS, C, BAc, JPM, WFC, STI, NYT, MA, HSBA, RY, MSFT, FB & AAPL

Boston, MA 03/05/2013 (wallstreetpr) – At the behest of the U.S government, shareholders of Goldman Sachs Group, Inc (NYSE:GS) and Citigroup Inc (NYSE:C) have been warned about possible cyber attacks. All government agencies and banks have been instructed to raise the red flag. Mobile and online banking have given attackers an easy avenue to infiltrate […]

JPMorgan (NYSE:JPM), Credit Suisse (NYSE:CS) Will Pay $417M For Settlement – JPM, PNC, STI, MTU, NBG

Regulators said on Friday JPMorgan Chase & Co. (NYSE:JPM) and Credit Suisse Group AG (NYSE:CS) decided to pay a jointly $416.9M to resolve U.S. civil charges that they misled investors in the sale of risky mortgage bonds previous to the 2008 financial crisis. The U.S. Securities and Exchange Commission reported that JPMorgan will pay $296.9M, […]

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