07-02-2019 14:27 via feedproxy.google.com

SunTrust and BB&T used a word that should terrify their employees (STI, BBT)

SunTrust Banks and BB&T announced on Thursday morning that they were joining forces in a $66 billion deal.
In the statement announcing the transaction, the companies said the deal would produce about $1.6 billion in "synergies."
Synergies are what you get when you eliminate redundancies to cut costs, and they most likely mean some employees will be let go.
SunTrust Banks and BB&T on Thursday morning announced plans to join forces in a $66 billion deal.
Assuming the deal is approved by re
Read more »