If accurate there is a Big Payday headed for Bill and crew. It has just been leaked that Citi corp is considering buying Truist or PNC. My money is on Truist at a discount. Of course, executive leadership will be well compensated. That is not likely the case for the remainder of Bill’s “teammates.”
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@127 BBT, COVID, and MOE was something.
@wc If its like my department, be on the look out for false flags and Arsonist Firefighters.
It was insane during MOE. People who I thought highly of turned out to be true losers and sleazes.
Truist is indeed mentioned as a possible target in an advisor hub article. Google and see for yourself. The article mentions truist and pnc as targets
@wc Exactly. Too much focus on culture instead of logistics. PNC is a better culture match but there would be a ton of branch overlap with citi.
@dz Truist would be the most easiest target and one to "break down" to build back up compared to PNC and USB.
I welcome it only because I'd like to see the panic in our senior leadership who have ramped up micromanagement to prove their worth (they have none) in our department lolol
@ab It was significant enough for BLOOMBERG to write about it!
It’s hard to believe that any big banks would find this $hit place “attractive”.
Lighten up, @ab. It’s not a “rumor” and it’s not garbage. Neither is OP. Citi has long looked to improve its deposit and retail bank exposure and a meaningful acquisition would be Truist, PNC, or USB. Truist has a major(ish) brokerage firm which Citi would find attractive. Bloomberg reported on this possibility the other day, which is why it came up again.
Been rumored for years
We've heard because you keep trying to spread this unfounded garbage. It gets deleted for being just like you, garbage, and you repost it.