SunTrust

Senate Republicans target banks refusing services to ICE contractors

02/14/20

Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

Three takeaways from regulators' approval of the BB&T-SunTrust merger

11/20/19

The smooth and relatively short process should be encouraging to other big banks that are eyeing deals. But their window of opportunity may not last long.

[more]

BB&T-SunTrust's incentive, Fannie-Freddie freedom, core vendor 'ransom': Top stories of the week

11/15/19

Earnings hit could be avoided if BB&T and SunTrust complete deal by 2020; Fannie and Freddie will likely exit conservatorship by 2024, Calabria says; tired of paying 'ransom' to core vendors, two small banks fund new one; and more from this week's most-read stories.

[more]