Just using a little common sense, when a company needs to reduce costs the most immediate area is a reduction of employees payout. Cost savings in most other areas are miniscule. Usually what happens in a layoff, work load does not diminish, those that remain must do the work of the ones laid off.
I don't know where u are, but in Ga the layoffs began in Nov when they closed a whole division. Just did another round of layoffs for underwriters. Using temp workers for the next month. Rumor was a merge with US Bank.
I would think BBT is to strong for US Bank in that USB would look for a fill in acquisition that is smaller and cheap, cheap as in failed and handed to them with only the best assets (remains for 5/3, maybe smaller southern bank like TSFG - after bad assests washed out)