DOJ approves BB&T, SunTrust merger, orders banks to divest 28 branches

Nov 8, 2019 |

The $66 billion merger between BB&T and SunTrust Banks is now nearing the final stages, as the Department of Justice announced Friday that it has approved the banks’ merger, but ordered the banks to divest 28 branches as a condition of that approval. In order to resolve antitrust concerns raised by the “merger of equals,” […more]

Posted in: San Francisco

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