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BB&T-SunTrust merger raises questions over financial stability as the biggest bank merger to be cleared by FDIC

( November 19, 2019, 22:03 GMT | Official Statement) -- MLex Summary: The acquisition of SunTrust Bank by Branch Banking and Trust is the largest bank merger to ever be considered by the Federal Deposit Insurance Corporation, said FDIC Board of Directors Chairman Martin Gruenberg. The bank merger between BB&T and SunTrust offers the first meaningful consideration of the new financial stability factor for mergers added by the Dodd-Frank Act. "The experience during the crisis with the failures of Washington Mutual Bank and Indy Mac Bank raise serious questions as to whether the failure of the proposed merged institution would pose a risk to US financial stability," Gruenberg said in a statement.See document below....

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