Is it capital from Canada, all 416 billion dollars, laundered to look like U.S. money? Prime Minister Trudeau is run by richest person on earth, Queen Elizabeth II in London, whose family invaded England circa 1300 to control England and many native English escaped.
Well it is a great news
They should have bought Wells Fargo
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Merck named the best pharma stock by Bank of AmericaBank of America named Merck its top pick among the many U.S. pharmaceutical stocks thanks to the growing success of its key cancer drug.
Source: CNBC - 🏆 12. / 72 Read more »
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. Wow! BB and the Sunshine Gang Buntrust.
Source: NPR - 🏆 96. / 63 Read more »
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. I like it, it will be power house, if it is approved. Just what we need, another, more powerful, business oligarchy. Competition is supposed to keep business consolidation in check. That can't happen, when we keep letting business oligarchies eliminate their competitors, by absorbing them. I'm the current customer of one of these that not that long ago used to be a little bank. I'm the former customer of the other merging bank. I can't really tell you which of these I've liked least. It's such a toss-up. Ugh. They consume their customers & they also eat each other.
Source: washingtonpost - 🏆 95. / 72 Read more »
Regional banks BB&T, SunTrust join to create $66B operatorATLANTA (AP) — Southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank valued at about $66 billion. The banks said Thursday that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households. Sounds legit... Break up the banks so what’s the Braves stadium going to be called now?
Source: AP - 🏆 728. / 51 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »