The Baltimore Sun: Baltimore’s Legg Mason to be acquired by California investment giant Franklin Templeton

Baltimore stands to lose one of its last few remaining large public companies headquartered in the city after a California-based mutual fund giant announced a $4.5 billion deal Feb.18 to acquire Legg Mason.
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The Daily Record: Legg Mason to be bought by Franklin Resources for $4.5B

Legg Mason, one of Baltimore’s most recognizable and widely known companies, is being sold. The venerable asset management company is being bought by San Mateo, California-based Franklin Resources Inc. for $4.5 billion.
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Truist opens branch on North Ave.

Truist Financial Corp. opened a BB&T-branded branch on North Ave. near Coppin State University. While the branch is currently branded as BB&T, it will eventually be named Truist after the integration process of the BB&T and SunTrust merger is complete. The process is expected to take anywhere from 18-24 months....
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T. Rowe Price Group Reports Fourth Quarter and Full Year 2019 Results

T. Rowe Price Group, Inc. released its fourth quarter and full year reports for 2019. Highlights from the report included: Assets under management end the fourth quarter at $1.21 trillion Net client inflows of $13.2 billion for 2019 Net revenues of $5.6 billion for 2019 Adjusted non-GAAP dilute earnings per...
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BB&T and SunTrust Complete Merger of Equals to Become Truist

Truist Financial Corporation announced the completion of the merger of equals between BB&T Corporation and SunTrust Banks, Inc., that went into effect on Dec. 6, 2019. Truist is the sixth largest U.S. commercial bank, serving approximately 10 million consumer households and a full range of business clients, with leading market...
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Bloomberg: Fed’s Barkin: Now a Good Time to Pause and Observe Policy Impact

By Craig Torres November 5, 2019 Federal Reserve Bank of Richmond President Thomas Barkin says the central bank has taken out “insurance” against uncertainty facing the U.S. economy by cutting interest rates three times and “I hope we will see over the next six months the kind of impact you...
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MarketWatch: Fed’s Barkin says recession is not imminent

By Greg Robb November 5, 2019 There is a risk that U.S. businesses could convince themselves that bad times are around the corner and actually cause a downturn, said Richmond Federal Reserve President Thomas Barkin on Tuesday. Right now, firms are frustrated with political polarization and there is a high...
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