Fed Chair Jerome Powell briefed the House Financial Services Committee on how the Fed will approach its examination of the major recent merger. Here’s what he had to say.
Read More »The Strategic Intent Behind the BB&T – SunTrust Merger
The $66 billion transaction is likely to create synergies to create the country’s sixth-largest bank. Here’s what the Board of this new bank will look like.
Read More »SunTrust: Businesses Optimistic for the Future
An annual survey is taking the “pulse” of business optimism to determine where today’s leaders are seeing economic growth, as well as potential pitfalls for domestic and global operations.
Read More »Making Restitution
Another mortgage lender/servicer has fulfilled its obligations under a settlement agreement with the Department of Justice. Read on to see which bank, as well as the terms of the deal. . .
Read More »SunTrust Misses the Mark
An independent monitor for the 2012 National Mortgage Settlement has issued a report that SunTrust has fallen short in the progress with the NMS requirements, while HSBC’s first monitor report has passed with flying colors.
Read More »Settlement Monitor Gives SunTrust Thumbs Up
How much consumer relief has SunTrust bank provided to distressed borrowers under the terms of the 2012 National Mortgage Settlement?
Read More »SunTrust, Comerica Offer a Mixed Bag in Q3 Results
SunTrust and Comerica earned mixed reviews after reporting year-over-year profit declines in the third quarter, according to the banks' earnings statements released Friday.
Read More »Higher Net Interest Rate Income Drives Revenue Hike for SunTrust; Comerica Earnings Down
The Q2 2015 net income for SunTrust was $0.89 per average common diluted share compared to $0.78 per share earned in the last quarter, and includes a $0.03 favorable impact by a per share from a discreet income tax benefit.
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