"BB&T finance chief Daryl Bible has a busy calendar. So busy that he will no longer be speaking at Deutsche Bank's financial-services conference on Wednesday. But does that mean the U.S. bank is finalizing a deal?
Conference absences always prompt speculation that something's afoot. In this case, the question is whether BB&T is near to buying Royal Bank of Canada's U.S. operations. The 430 bank branches could fetch $3 billion. A BB&T spokeswoman says the bank tried to reschedule Mr. Bible's appearance and couldn't."
Just too much overlap in the footprints. To realize the full potential of this acquisition, BB&T would have to close a number of RBC branches in their biggest markets. That just isn't BB&T's style. They portray themselves as a "community bank". You don't lay people off in your own community for a quick profit.