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BB&T Corporation Message Board

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  • toosmartforecu toosmartforecu Jun 8, 2012 11:43 AM Flag


    No, actually a bad post, quite a bad post. Is BB&T a 60s bank...not really. It is a thrift. To say that they were wise not to get into so-called exotic transaction forms is a non sequiter. BB&T simply did not have the business or financial acumen to understand these products. And it is not that these products are or were bad, the exection was awful, as fee takers, borrowers, and lenders alike all abused the system (along with our govt.) So lucky, not wise. Now their luck has run out and they are hoping to get lucky again.

    And Norm, as usual your data is copious, but immaterial. Small community banks as a % of market share in 1992 compared to today is not germane. They were all bought out guessed it, banks like BB&T et al. Now, circa 2009-2013, new small community bank formation is on the rise, since the shake out...and they are the only banks making loans right now. The CEO of US Bank said his bank, and those like it (i.e. BB&T) are NOT making those loans, and are losing share, but it is not important, because "we do not have to make those loans." In other words, the larger banks are losing share , but are sitting on loads of cash, loads of reserves, and their balance sheets are bullet proof. They are waiting for the market to come to them, but it ain't going to happen, which is why they are losing share.

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