BB&T will buy SunTrust Banks for about $28 billion in an all-stock deal, the companies said on Thursday.
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BB&T And SunTrust To Merge, Forming 6th-Largest Bank In The U.S.The new bank would have its headquarters in Charlotte, N.C. Both of the banks are calling it a 'merger of equals,' but the deal is weighted toward BB&T, whose CEO will be in charge.
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BB&T and SunTrust will merge to make nation’s sixth largest bankThe $66 billion, all-stock deal reflects the growing consolidation in the banking industry.
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A $2.8 trillion investment chief at Bank of America reveals the worrying trend he thinks will define investing for the next 20 years — and explains how traders can still crush the marketInvestors need to change their habits for the market environment we're entering, Bank of America's Chris Hyzy says.
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