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Formed in December 2019 when BB&T merged with SunTrust Banks.
|Truist Financial Corporation||USA||website|
|Truist Financial Corporation|
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2021 rankings the public identified 19 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 105th of 928 companies, and 7th of 44 Banks companies.
Source: JUST Capital (2020)
This company is the parent company of Branch Banking &Trust Company (BB&T). On 29 September 2016, BB&T agreed to pay the U.S. $83 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the US Dept of Housing and Urban Development's Federal Housing Administration that did not meet applicable requirements. It profited from the program, exposed taxpayers to losses by failing to comply with guidelines and falsely certified that it had complied with guidelines.
Source: US Dept of Justice (2016)
In December 2018, BB&T agreed to pay $24m to resolve a lawsuit accusing it of loading employees' retirement plans with poorly performing mutual funds that it managed, and collecting millions of dollars in excessive fees. This company is the parent company of Branch Banking &Trust Company (BB&T).
Source: Reuters (2018)
This company is the parent company of Branch Banking &Trust Company (BB&T). The US Securities & Exchange Commission announced in March 2019 that BB&T Securities had agreed to return more than $5m to retail investors and to pay a $500,000 penalty to settle charges that a firm it acquired misled its advisory clients into believing they were receiving full service brokerage services in-house at a discount while significantly less expensive options were available externally.
Source: US SEC (2019)
This company is the parent company of SunTrust Banks. On 14 September 2017, the US Securities & Exchange Commission charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1m in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available. SunTrust has agreed to penalty of more than $1.1m to settle the charges.
Source: US SEC (2017)
This company has Corporate Social Responsibility claims on its website under the headings of Community Benefits Plan, the Truist Foundation, investing in communities and funding communities.
Source: company website (2020)
|Subsidiaries||SunTrust Banks Inc|