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Search resuls for: "SunTrust Banks Inc"


4 mentions found


Factbox: Bank of America's next CEO? List of possible candidates
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com + 0.94   time to read: +1 min
(Reuters) - Bank of America Corp Chief Executive Brian Moynihan has been at the helm for more than a decade, having guided the bank out of a financial crisis and transformed it into a nimbler operation. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. Last year, Bank of America promoted eight next-generation executives to senior management. Any of the 23 people on that team could, in theory, be the next CEO, though recruiters and insiders pointed to a handful as more likely than others. Others who were front-runners in past management shuffles are now likely too old to become CEO when Moynihan retires, the recruiters and insiders said.
Persons: Brian Moynihan, Carlo Allegri, Moynihan, Dean Athanasia, Andy Seig, Merrill Lynch, Cathy Bessant, Steve Boland, Raul Anaya, Alastair Borthwick, Jim DeMare, Mike Lyons, Mark Chancy Organizations: Reuters, Bank of America Corp, of America, REUTERS, Bank of America, Merrill Lynch Wealth Management, PNC Financial Services, SunTrust Banks Inc, Wells Fargo & Co Locations: Manhattan, New York City , New York, U.S, Wells
FACTBOX-Bank of America's next CEO? List of possible candidates
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +1 min
Last year, Bank of America promoted eight next-generation executives to senior management. Any of the 23 people on that team could, in theory, be the next CEO, though recruiters and insiders pointed to a handful as more likely than others. Alastair Borthwick, president of global commercial banking and head of wholesale credit. Mark Chancy, formerly of SunTrust Banks Inc and now a Wells Fargo & Co director. Others who were front-runners in past management shuffles are now likely too old to become CEO when Moynihan retires, the recruiters and insiders said.
Persons: Brian Moynihan, Moynihan, Dean Athanasia, Andy Seig, Merrill Lynch, Cathy Bessant, Steve Boland, Raul Anaya, Alastair Borthwick, Jim DeMare, Mike Lyons, Mark Chancy Organizations: Bank of America Corp, Bank of America, Merrill Lynch Wealth Management, PNC Financial Services, SunTrust Banks Inc, Wells Fargo & Co Locations: Wells
Factbox: Bank of America’s next CEO? List of possible candidates
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.91   time to read: +1 min
Last year, Bank of America promoted eight next-generation executives to senior management. Any of the 23 people on that team could, in theory, be the next CEO, though recruiters and insiders pointed to a handful as more likely than others. Alastair Borthwick, president of global commercial banking and head of wholesale credit. Others who were front-runners in past management shuffles are now likely too old to become CEO when Moynihan retires, the recruiters and insiders said. Reporting by Elizabeth Dilts Marshall and Jessica DiNapoli in New York Editing by Lauren Tara LaCapra and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Jim DeMare’s, Brian Moynihan, Moynihan, Dean Athanasia, Andy Seig, Merrill Lynch, Cathy Bessant, Steve Boland, Raul Anaya, Alastair Borthwick, Jim DeMare, Mike Lyons, Mark Chancy, Elizabeth Dilts Marshall, Jessica DiNapoli, Lauren Tara LaCapra, Matthew Lewis Organizations: Bank of America Corp, Bank of America, Merrill Lynch Wealth Management, PNC Financial Services, SunTrust Banks Inc, Wells Fargo & Co, Thomson Locations: Wells, New York
(Reuters) - Huntington Bancshares Inc has agreed to buy TCF Financial Corp for $6 billion in stock, marking the latest tie-up among U.S. regional lenders seeking scale. Columbus, Ohio-based Huntington will exchange 3.0028 of its shares for each TCF share, equating to a price of $38.83, the bank said in a document published on Monday. PNC Financial Services Group Inc last month bought the U.S. business of Spain’s BBVA for $11.6 billion, while Truist Financial Corp, now the sixth-largest U.S. bank by assets, was created last year by a merger of BB&T Corp and SunTrust Banks Inc. The new combination, centered on Ohio and Michigan, will operate under the Huntington brand and have around $168 billion in assets, making it a top-15 U.S. bank by that measure. The deal gives Huntington entry into the Minneapolis and Denver metro areas, as well as a bigger Chicago presence.
Persons: Huntington, “ It’s, , Stephen Steinour, Trump, Goldman Sachs, Wachtell Lipton, Katz, Keefe, Simpson Thacher Organizations: Reuters, Huntington Bancshares Inc, TCF Financial Corp, TCF, ” Huntington, JPMorgan Chase & Co, Wells Fargo & Co, PNC Financial Services Group Inc, Spain’s BBVA, Truist Financial Corp, U.S, BB, T Corp, SunTrust Banks Inc, Huntington, Minneapolis, Rosen, Bartlett Locations: U.S, Columbus , Ohio, Detroit, Ohio, Michigan, Denver, Chicago
Total: 4