Activist funds turn attention to banks as new merger wave sets up

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Activists are circling the U.S. banking industry as lenders struggle to distinguish themselves amid increased competition.

 

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BB&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. what could go wrong Stop tweeting nobody watches you LOL 🤣
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The biggest bank merger in a decade comes as industry faces 'tough' growth outlookThe biggest bank merger in a decade has created a bank worth $442 billion in assets as the banking industry is heading into a difficult environment. 2008? Exclusive Data Entry service
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There's one big reason behind the biggest bank merger in a decade: TechnologyBanks like SunTrust and BB&T are looking to compete with the top banks on technology spending, while facing pressure from fintech. Lack of anti-trust enforcement. 😍 2019 😍 Those who are working in this administration.
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