BB&T-SunTrust deal may be the first of a wave of bank mergers

Feb 7, 2019
BB&T Corp. is buying its competitor, SunTrust Banks, in an all-stock deal. The merger of the two southeastern U.S. regional banks is the biggest in the consumer-banking sector since the financial crisis. To some extent, the merger’s the product of the grow-or-die environment for consumer banks — that only by joining forces can the banks compete […]
A Sun Trust bank flag flies above their bank in downtown Washington, DC.
PAUL J. RICHARDS/AFP/Getty Images

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.