News Topic: SunTrust

As competitive pressures mount for midsize banks, more institutions are likely to follow the lead of BB&T-SunTrust and amass more resources for investing in AI, digital platforms and other cutting-edge technologies. ... Read full article

BB&T-SunTrust deal came together with remarkable speed; Citi and Chase take on fintechs at their own game; CECL spells trouble for small banks, consumers; and more from this week’s most-read stories. ... Read full article

The Federal Reserve and Federal Deposit Insurance Corp. will hold two public meetings on BB&T's planned purchase of SunTrust to consider the deal's impact on the U.S. banking system ... Read full article

The combined bank would be chartered in North Carolina, with the FDIC serving as its lead federal regulator, N.C. Banking Commissioner Ray Grace says. The merger partners had other options, including the Fed and the OCC. ... Read full article

The Atlanta company, which reported fourth-quarter results Tuesday, will test the partnership in five cities as part of an ongoing effort to add new sources of revenue. ... Read full article

The banks have no choice but to pick a new name, marketing experts say, but good luck: The best ones may already be taken, made-up names can sound forced, and any change might nudge more customers to rethink their loyalties. ... Read full article

Community banks can’t afford the digital banking services customers demand; Vanguard's "banklike" cash management service couldn't match banks' offerings. ... Read full article

JPMorgan's Dimon: Square innovated where we should have; this company simplifies bank switching (and banks pay for it); BB&T-SunTrust deal has Atlanta banks licking their chops; and more from this week's most-read stories. ... Read full article

Readers weigh in on Democrats' call for more scrutiny of the BB&T-SunTrust merger, changes to the CFPB's payday lending rule, criticism of Square's ILC application and more. ... Read full article

With the two companies said to be still mulling which charter to seek, the various options each have possible advantages and drawbacks. ... Read full article

CEO John Turner told investors and analysts Wednesday that the merger of BB&T and SunTrust is not putting pressure on Regions to pursue a deal of its own. ... Read full article

United Community, Synovus, Cadence and others stand to gain lenders and customers even if BB&T flawlessly integrates the $28 billion acquisition. ... Read full article

Lawmakers on the Senate Banking Committee pushed Federal Reserve Chair Jerome Powell for details about how he plans to review the proposed merger between the two regional banks. ... Read full article

Regulators spend considerable time and resources reviewing big mergers and the process shouldn’t be used as a proxy for the “too big to fail” fight. ... Read full article

OCC orders USAA to improve risk management; White House's mixed signals complicate housing finance reform debate; Rhode Island bank snaps up dealmaking boutique; and more from this week's most-read stories. ... Read full article

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this ... Read full article

Readers weigh the BB&T-SunTrust deal, consider how a new accounting standard could affect Fannie Mae and Freddie Mac, debate the impact of the government shutdown on credit histories and more. ... Read full article

The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between. ... Read full article