BB&T/SunTrust Merger
What's your initial reaction to the largest merger since the crisis? Curious to see how others believe this disrupts banking as a whole and specifically the IB/Capital Markets space. Will we see other regionals (PNC, 5/3, Key, Citizens, Regions, Comerica etc.) follow suit?
I suspect STRH will stay headquarted in Atlanta, but the combined institution would seem to be in a better position to gain market share given greater resources and (perhaps more importantly) bigger balance sheet. While these deals seem consumer banking driven, the capital markets team is probably pretty happy. Curious what they're going to call the new company.
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