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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

First domino to fall. More to come over the next 6-12 months as other regional banks react...

Those who are working in this administration.

Lack of anti-trust enforcement.

😍 2019 😍

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:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business 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 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.
Source: CNBC - 🏆 12. / 72 Read more »

These 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... So the too big to fail banks just keep getting bigger. Nice None of which will give Trump a loan. Bank of America has the most Blockchain patents....BTC Crypto
Source: CNBC - 🏆 12. / 72 Read more »

BB&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.
Source: USATODAY - 🏆 100. / 63 Read more »

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 🤣
Source: cnnbrk - 🏆 393. / 55 Read more »

SunTrust Banks and BB&T combining in merger worth about $66 billionIt’s never equals. There is always a Sr and Jr. BB&T did not protect customer account well and was not accountable to loyal customer. I am wondering how this merger of equals with BB&T will gain trust, respect, and loyal support.
Source: MarketWatch - 🏆 3. / 97 Read more »

'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. 😂 sure guy
Source: CNBC - 🏆 12. / 72 Read more »