There's one big reason behind the biggest bank merger in a decade: Technology

Australia News News

There's one big reason behind the biggest bank merger in a decade: Technology
Australia Latest News,Australia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Banks like SunTrust and BB&T are looking to compete with the top banks on technology spending, while facing pressure from fintech.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biggest bank merger in a decade comes as industry faces 'tough' growth outlookBiggest bank merger in a decade comes as industry faces 'tough' growth outlook'BBT/STI deal an incremental positive for both companies, and is what the sector needs given tougher growth outlook over the near to intermediate term,' Baird analyst David George wrote in a note.
Read more »

These are the 10 biggest banks in the country now after the BB&T-SunTrust mergerThese are the 10 biggest banks in the country now after the BB&T-SunTrust mergerBB&T's merger with SunTrust Banks will create the sixth largest bank in the U.S. by assets. Here are the others...
Read more »

BB&T, SunTrust announce $66 billion merger, create sixth-largest US bankBB&T, SunTrust announce $66 billion merger, create sixth-largest US bankBB&T and SunTrust are merging to create the sixth-largest U.S. bank in a deal valued at about $66 billion.
Read more »

BB&T and SunTrust announce $66 billion merger, creating the sixth-largest US bankBB&T and SunTrust announce $66 billion merger, creating the sixth-largest US bankTwo of the largest US regional banks are joining forces in a bid to compete with the nation's biggest players.
Read more »

SunTrust Banks and BB&T combining in merger worth about $66 billionSunTrust Banks and BB&T combining in merger worth about $66 billion
Read more »

'We control our own fate,' Deutsche Bank exec says amid merger speculation'We control our own fate,' Deutsche Bank exec says amid merger speculationAmid reports of a government-brokered merger with its rival, Deutsche Bank insists its fate is in its own hands.
Read more »

Analysis | The Technology 202: Trump wants a border wall. One of his biggest supporters in tech is expanding a virtual one.Analysis | The Technology 202: Trump wants a border wall. One of his biggest supporters in tech is expanding a virtual one.Analysis: Trump wants a border wall. One of his biggest supporters in tech is expanding a virtual one.
Read more »



Render Time: 2025-03-06 06:59:36