+ A
A -
BB&T and SunTrust announced on Thursday they will combine in a $66 billion transaction to create a regional banking giant in the industry’s largest merger since the 2008 financial crisis. The midsized banks operating in the fast-growing Southeastern United States, described the move as a merger of equals that would enable them to compete against heavyweights like Bank of America and Wells Fargo and save some $1.6 billion in administrative costs. (afp)
