A commercial banking organizations and a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate customers.
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SunTrust Banks, Inc. (Nyse:STI)
I believe that America is over saturated with banks. If you look to the north, south if you reside in Alaska, or northeast from Hawaii. Canada has 5 major banks and here in the U.S. over 10 major banks plus many more regional banks. Canada has a good banking system because Bank of Canada regulates the operations of the banks.
I believe that the U.S. Government is in the right step in spending $250,000,000,000 in owning shares in U.S. Banks, that way they can partially regulate banks operations. They should also reduce the number of banks in the U.S. by merging, acquiring, or let the weaker banks to dissolve.