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SunTrust was founded in 1947 in Winston Salem, North Carolina. It is the third-largest bank in the U.S., and one of the largest in North Carolina. It is also the largest bank in the world with about $5.1 trillion in assets. The bank’s stock has increased by more than 50% in the past 12 months. If you are looking to visit the bank, you can check out this link.
The bank was founded by Samuel W. Sun. He was a prominent North Carolina businessman and politician. He built Suntrust to become the third-largest bank in the country. He also helped form the North Carolina League of Municipalities. Sun Trust is one of the nation’s largest banks because of its ability to lend and borrow money. It has a global presence with branches in almost every country in Europe, Asia, Africa, Latin America, and the Middle East and South Asia.
The bank recently had a $500 million investment from the Saudi Arabian Investment Authority, which is also a key shareholder in the bank. The money for the Saudi investment came from the Saudi royal family. The Saudis are extremely wealthy and influential people in the Middle East. They use their power and wealth to protect their interests. This is one of the reasons the Saudis would like to destroy North Carolina’s financial system.
SunTrust Bank, the parent company of the bank, is based in Winston-Salem, North Carolina. It has a long history of financial corruption. One of its biggest scandals was an accounting fraud that was revealed in a report in the late 1990s. The scandal was uncovered in an internal audit, and many investors were cheated. The report said that SunTrust had not paid out all of the money the investigators had been searching for when they went to the bank.
SunTrust is now under investigation by the federal government for potentially defrauding investors, but it’s not clear if the bank is in fact being investigated for that fraud. It’s worth noting that this is the same bank that allegedly skimmed off $1.5 billion in payments to various shady corporations in a scam known as “payroll tax fraud” that involved banks using that money for their own purposes.
The federal government’s investigation into SunTrust is still ongoing.
If you have any questions about SunTrust, you can find out more at SunTrust Bank web site, or you can contact the Federal Deposit Insurance Corporation (FDIC) at 800-MEDICAL (800-275-8357) or visit the FDIC’s website at www.fdic.gov.