1. I believe Citi and Travellers had a 2 year time frame for legislation to catch up with them or they could unbundle non-complying businesses.
2. Agree with poster who says STI has to digest Crestar - they typically do deals every 7 or 8 years and have a new CEO, Humann or something and I'd doubt he'd want to give up CEO to John and John ain't playing if he ain't leading. I look for more small to midsize aquisitions for BB&T, Ga. Va. Md. etc.
3. BB&T insurance business, 40 years old or so, has been within the laws for N.C. state chartered banks - it's a sub of the bank rather than the holding company. National banks were prohibited - that's why Southern National was folded into BB&T's state charter, I'd guess.
4. New legislation is going to jump-start banks and financial stocks. For BB&T, they could get into insurance (life) underwriting. BB&T & JeffPilot would be a great combo. But I believe Hugh & JeffPilot CEO are on each others board. 2000 is going to be an interesting year!