BB&T

Truist defers more cost cuts to 2022

01/30/20

The company has revised its near-term forecasts for reducing expenses, citing delayed branch closings and a decision to spend more time testing systems ahead of conversion and integration.

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Truist unveils logo that emphasizes high-touch, high-tech focus

01/13/20

The regional bank, formed from the merger of BB&T and SunTrust, will begin marketing its new brand in conjunction with next month’s Super Bowl.

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Truist innovation lab will put customers at center of product development

01/07/20

Clients will have an active role in testing new products and services at the regional giant formed by the merger of BB&T and SunTrust, says Chairman and CEO Kelly King.

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Bay Banks hires former BB&T market president for new strategic post

01/03/20

Michael Troutman will serve as chief revenue officer at Bay Banks of Virginia, where he will advise management and the board on growth opportunities.

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What Truist pressure? Regionals insist they're in no rush to merge

12/10/19

BB&T and SunTrust showed that big-bank mergers are still possible, but top executives at other large regional banks say that a knee-jerk response would be a mistake.

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Truist rising: With megamerger done, pressure on to deliver

12/09/19

Cost cutting and systems integrations are short-term priorities, but over time CEO Kelly King and his heir apparent, Bill Rogers, will have to exploit the combined BB&T-SunTrust's revenue potential and prove the biggest post-crisis merger was a good idea.

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Warren releases plan to overhaul bank merger approval process

12/04/19

Sen. Elizabeth Warren introduced a bill to require CFPB approval for certain bank merger applications in the wake of regulators' approval of a deal between BB&T and SunTrust.

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How one storage unit became one big mess for BB&T, Hitachi

12/04/19

A 15-hour shutdown of online banking, mobile banking, ATMs and wire transfers was caused by a single data storage unit. BB&T's lawsuit blames the vendor, but the bank may have left itself too exposed to equipment failure.

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BB&T sues vendor Hitachi Vantara over costly 2018 outage

12/03/19

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

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USAA's win vs. Wells, BB&T-SunTrust's green light, GSE reform: Top stories of the week

11/27/19

USAA won $200M from Wells Fargo in patent fight — will others be on the hook?; three takeaways from regulators' approval of the BB&T-SunTrust merger; don't believe the doom and gloom on Fannie, Freddie; and more from this week's most-read stories.

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