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RBC lands advisory record with $66bn SunTrust-BB&T merger

Canadian bank’s advisory role on bumper deal marks its largest sole M&A mandate

SunTrust headquarters in Atlanta.
SunTrust headquarters in Atlanta. Photo: John Bazemore/AP/REX

A merger of two US banks has handed RBC Capital Markets, the Canadian investment bank, its largest sole advisory role on a global mergers and acquisitions deal.

BB&T Corporation and SunTrust Banks said on February 7 that they have agreed an all-stock merger valued at around $66bn. It will create the sixth-largest bank in the US, with assets of $442bn and deposits of $324bn, according to a statement.

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