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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 »
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 »
Big Beer's Big Spend On The Big Game Won't Likely Score Big MoneyMore and ore football fans will once again trade beer for spirits, wine and even hard seltzer during this year's Super Bowl I guess all those SB beer ads aren’t worth it then.
Source: Forbes - 🏆 394. / 53 Read more »
GM unveils Chevy Silverado HD as Detroit's Big 3 battle for big profits in big pickupsGM is adding a thousand jobs to its plant in Flint to help with production of the new Silverado. Many of those jobs will be filled by GM employees working at some of the six plants the company is idling in a North America. 🤮 With Mary Barre as CEO , GM is done. Hard to find apple pie at American restaurants too. Who are the guys buying these who don't actually have a work requirement? Want to be alpha losers.
Source: CNBC - 🏆 12. / 72 Read more »
New Industry Report Exposes British VC Industry As An “Old Boys' Club”Nine months after Forbes revealed details of a cross-industry initiative to collect more data on diversity in venture capital across the U.K., today the first results make for shocking reading. thanks for info forbes
Source: Forbes - 🏆 394. / 53 Read more »
Apple’s Austrian roadkill looks like an M&A targetChipmaker AMS is being squeezed by the U.S. tech giant, its biggest customer. A heavy debt pile and rising investment needs have scuppered its dividend. With shares down 70 pct in six months, investors’ best hope may be a sale to a fellow Apple supplier, like STM. LiamWardProud has anyone checked the basement
Source: Breakingviews - 🏆 470. / 51 Read more »
Derailed train M&A spells poor EU antitrust revampCompetition tsar Margrethe Vestager blocked Siemens and Alstom’s rail merger in defiance of Franco-German pressure. Paris and Berlin are agitating for rule changes and may back a replacement who will be more willing to create regional champions. That would be a mistake.
Source: Breakingviews - 🏆 470. / 51 Read more »
Google has a 'very high bar' for M&A targets, CEO Sundar Pichai saysGoogle had a shot at open source software companies GitHub and Red Hat last year. Has to be run by a man, and not be afraid to trample on the interests of it's workers. Not such a high bar. aliwanas_ mostafawanass
Source: CNBC - 🏆 12. / 72 Read more »