Talk:Truist Financial/Archives/2019
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purchasing SunTrust ?
that's what I heard on the radio this evening. 50.111.22.143 (talk) 03:07, 8 February 2019 (UTC)
Some proposed changes
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Information to be added or removed: This sentence needs to be updated as it is incorrect. On February 7, 2019, it was announced that BB&T would buy SunTrust Banks for $28 billion in an all-stock deal, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis. It should read something like: On February 7, 2019, the merger of equals between BB&T and SunTrust was announced.
Explanation of issue: BB&T did not buy SunTrust. This is a merger of equals, not an acquisition.
References supporting change: https://www.cnn.com/2019/02/07/investing/bbt-suntrust-merger/index.html; http://fortune.com/2019/02/07/suntrust-bbt-merger/
Lcjollay (talk) 15:55, 8 February 2019 (UTC)
Reply 8-FEB-2019
Edit request implemented
- The information about this merger existed in two places in the article, in the lead section and in the History section.
- The wording in the lead section was problematic to the requesting COI editor, while the wording in the History section was not.
- As the lead section is ideally not the place to put current events, and because this text contained the problematic phrasing, this was the text which was removed.
- The claim as it is written in the History section remains in the article to describe the merger.
Regards, Spintendo 19:26, 8 February 2019 (UTC)
Negative reaction
So far it's only Facebook and surveys on the web sites of newspapers but people do not like the name Truist. This is the source. But we don't need to include that in order to say the name change is not definitely going to happen. There's always a chance with any announcement like this that it won't happen. But I think my rewording works either way.— Vchimpanzee • talk • contributions • 18:25, 14 June 2019 (UTC)
BB&T to Truist, not BB&T + SunTrust = Truist
The BB&T-SunTrust merger will be an absorption, BB&T will absorb SunTrust and then BB&T will change its name to Truist, so BB&T gets renamed Truist and SunTrust ceases operations. Truist will not be a new company.Granthew (talk) 04:28, 20 November 2019 (UTC)