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BB&T Freed From Fed Order As SunTrust Deal Beckons

April 19, 2019

Michael Rave was quoted in an analysis article, "BB&T Freed From Fed Order As SunTrust Deal Beckons," published by Law360. The article reports on The Federal Reserve's termination of a January 2017 consent order with BB&T Corp. for "significant deficiencies" in the bank's anti-money laundering compliance program. The announcement comes as BB&T moves forward with its SunTrust Banks Inc. merger, which would be the largest bank deal since the financial crisis. "It is typical that the parties to a merger will 'preclear' the deal with the regulators before they announce it," Rave told Law360. "Although this isn't a guarantee that the merger will be approved, the regulators are usually pretty good about raising any concerns they have."



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