Banks 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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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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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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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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SunTrust Banks and BB&T combining in merger worth about $66 billion
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'We control our own fate,' Deutsche Bank exec says amid merger speculationAmid reports of a government-brokered merger with its rival, Deutsche Bank insists its fate is in its own hands.
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Analysis | The Technology 202: Trump wants a border wall. One of his biggest supporters in tech is expanding a virtual one.Analysis: Trump wants a border wall. One of his biggest supporters in tech is expanding a virtual one.
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