Scale working for first time in banking industry, says KBW CEO

BB&T will buy SunTrust Bank for $28.24 billion in an all-stock deal. The companies called it a merger of equals, valued at $66 billion. CNBC's "Power Lunch" team is joined by Thomas Michaud, CEO of KBW, a Stifel company, to talk about how this merger will make the company the sixth-largest bank.
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Thu, Feb 7 20191:53 PM EST