Tag Archives: SunTrust

Your Daily Dose of Financial News

BY: Michael D. Reif | February 7, 2019

Regional lenders BB&T and SunTrust have announced plans to “unite in an all-stock deal” that would value the combined bank at $66 billion. The new lender would be the sixth-largest in the US, and, if allowed, would be created as part of the biggest post-crisis US bank merger – NYTimes and Law360 and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 23, 2018

Not an ideal report on the state of affairs for Zelle, the big banks’ payment-platform answer to Venmo. The Times reports that the “same features that make Zelle so useful for customers, its speed and ubiquity, have made it irresistible to thieves” – NYTimes Tencent Music—China’s largest music-streaming company—announced plans for a mega-IPO that could … Continue reading