The regulator said that the deal’s approval was contingent upon the banks divesting 28 branches in three states.
The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation must still sign off on the merger.
-
Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.
Estimated reading time: 0 minutes, 21 seconds
BB&T-SunTrust Merger Wins U.S. Antitrust Approval
U.S. antitrust authorities gave their blessing to a merger between BB&T and SunTrust Banks, the Justice Department has announced. So reports CNBC.
MOST READ STORIES
Fast,Easy & Free
