US: BB&T to buy SunTrust in biggest bank deal in a decade

US: BB&T to buy SunTrust in biggest bank deal in a decade

BBT has agreed to acquire SunTrust Banks STI for $66 billion in an all-stock merger reported The Wall Street Journal. The transaction represents the biggest bank deal since the 2007-2009 financial crisis US regional lender BB&T said it will buy rival SunTrust Banks for about $28 billion in stock. The banks hope to close the […]