Stock Exchange :

BB&T, SunTrust win US antitrust approval to merge

Key Points
  • BB&T Corp and SunTrust Banks Inc have won U.S. antitrust approval to merge.
  • The deal was approved on condition that they divest 28 branches in three states.
  • The deal still needs approval from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation. 

A customer uses an automatic teller machine (ATM) at a SunTrust Banks Inc. branch in Washington, D.C., on Thursday, Jan. 11, 2018.
Andrew Harrer | Bloomberg | Getty Images

BB&T and SunTrust Banks have won U.S. antitrust approval to merge on condition that they divest 28 branches in three states, the Justice Department said on Friday.

The deal still needs approval from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, the department said.

This story is developing. Please check back for updates. 

source: CNBC

zyedusrPanel

Read Previous

Stocks making the biggest moves midday: Disney, Gap, Take-Two & more

Read Next

Watch: President Trump delivers remarks at ‘Black Voices for Trump’ coalition launch party