Activists are circling the U.S. banking industry as lenders struggle to distinguish themselves amid increased competition.
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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.
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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...
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SunTrust Banks and BB&T combining in merger worth about $66 billion
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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.
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The biggest bank merger in a decade comes as industry faces 'tough' growth outlookThe biggest bank merger in a decade has created a bank worth $442 billion in assets as the banking industry is heading into a difficult environment.
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Deutsche Bank, Commerzbank merger talk 'speculation': German finance ministerGerman Finance Minister Olaf Scholz said on Friday he was in talks with banks ab...
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BB&T-SunTrust merger signals more bank deals are comingBigger is better, as large regional banks face profit pressures.
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There's one big reason behind the biggest bank merger in a decade: TechnologyBanks like SunTrust and BB&T are looking to compete with the top banks on technology spending, while facing pressure from fintech.
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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.
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