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house finance committee sign A sign at the entrance to a House Financial Services Committee room in Washington, D.C. (Image: Shutterstock).

The proposed merger of BB&T and SunTrust may create a megabank that is too large to manage and could pose a risk to the nation’s financial system, House Financial Services Chairwoman Maxine Waters (D-Calif.) warned Wednesday.

“I am concerned that this proposed merger would ultimately not be beneficial for consumers, or the communities that these two banks currently serve,” she said at a hearing on the proposed merger.

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David Baumann


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