A man walks past a SunTrust bank ATM on October 11, 2016 in Washington, DC.
A man walks past a SunTrust bank ATM on October 11, 2016 in Washington, DC. - 
Listen To The Story

BB&T Corp. is buying its competitor, SunTrust Banks, in an all-stock deal. The merger of the two southeastern U.S. regional banks is the biggest in the consumer-banking sector since the financial crisis. To some extent, the merger’s the product of the grow-or-die environment for consumer banks — that only by joining forces can the banks compete successfully against the likes of Citi and Bank of America and against emerging competition from PayPal, Apple, Google and other tech firms. But the deal’s also the product of the Trump administration’s policy of relaxing regulatory oversight of the consumer finance sector.

Click the audio player above to hear the full story.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Mitchell Hartman at @entrepreneurguy