BB&T, SunTrust merger secure final regulatory nods

The US Federal Reserve and the Federal Deposit Insurance Corporation have approved the BB&T and SunTrust merger. The deal is the biggest combination between banks since the financial crisis of 2008. The two companies announced the $66 billion merger in February. It will create Truist Financial Corporation and will become sixth-largest bank in the US. […]

Novartis considers takeover offer for US-based Medicines

Swiss pharma company Novartis is weighing in a bid for New Jersey-based biotechnology firm The Medicines, Bloomberg reported. Novartis declined to comment. However, two sources told Reuters that the pharmaceutical firm is eyeing a $5 billion purchase in the US. Yet, the sources did not identify a target company. The Medicines’ shares jumped 19.6% to […]