Been reading some data on housing....new price declines amidst recovery and some markets (i.e. the Southeast where BB&T is) that were not hit as hard as Cali, Nevada, and South Florida are now seeing some of the effects. Not good for BB&T's retail lending platform. This news, coupled with sustained unemployment, and stagflation brought on by commodity spikes will play havoc with loan origination for the retail customer, unless home mortgage rates, car loan rates, etc. plummet (which I dont think will happen). So how does BB&T get the large accretive loan growth that the market is looking for? They normally are not a large corporate lender a la Wall Street and they dont like nor are good at that typoe of lending. Do they buy other banks? FDIC? Merge? Sell? Go international?
i am concerned with bbt's recent behavior with my business and personal accounts. i have been with them for over 17 years. their branch employees are not informed of recent policy changes. electronic deposits are being held for several days before clearing. there is plenty of cash in the accounts to cover electronic and paper checks being processed but they are holding. even the local banch managers are puzzled.