EL’s strategy at this point is to tap dance, deflect and stall while they bonus out to themselves the remaining capital while they can. Then sell the dry withered husk that is Truist to another bank and bonus out one final time with the proceeds of the merger. While they’re stuffing their pockets with the merger cash and stock options, they will be espousing buzzwords like “synergy”, “merger of equals”, “efficiency”, “improved client satisfaction” and “economies of scale”. We’ve heard all this before. When you’ve been in banking long enough, you begin to understand the drill. All the good talent has already left. The new hires are basically placeholders while they continue to su-k the company dry. Expect more branch closings, more RIFs, reduced spending, and higher production goals.
@sck+1utEbCl9 hits the nail on the head.