buffett says U.S. banks less attractive..bbt $22 soon..
BBT took over CNB a while back. CNB was headquartered in Alabama and provided many mortgagesin the state Anyone know how many homes destroyed by the tornadoes were financed by cnb/bbt It has to be a major financial disaster for BBT and of course the other big lender was BAC
Good point ba2988. One would think that Property and Casualty insurance coverage would absorb most of the storm losses. BB&T, while a big insurance agency, is not much of a player in Property and Casualty underwriting. Berkshire-Hathaway, on the other hand, has a big insurance underwriting business as well as reinsurance business.