ADVFN - Advanced Financial Network.
HOME» NYSE » B » BBT Stock Price » BBT Stock News

Bb & T Share News

 Bb&t Corp. Stock Price
BBT Stock Price
 Bb&t Corp. Stock Chart
BBT Stock Chart
 Bb&t Corp. Stock News
BBT Stock News
 Bb&t Corp. Company Information
BBT Company Information
 Bb&t Corp. Stock Trades
BBT Stock Trades

WSJ: PNC Financial Wins Bid For RBC's US Retail Bank -Source

By Dan Fitzpatrick, Matthias Rieker and David Benoit NEW YORK -(Dow Jones)- PNC Financial Services Group Inc. (PNC) won the bid for Royal Bank of Canada's (RY) U.S. retail banking business, according to a person with knowledge of the matter. A deal is expected to be announced soon, that person said. The bidding for RBC Bank of Raleigh, N.C., came down to two bidders, PNC of Pittsburgh, and BB&T Corp. (BBT) of Winston-Salem, N.C., said people familiar with the matter. But BB&T was unwilling to pay book value for RBC, which is around $3.5 billion, according to a person with knowledge of the matter. RBC and PNC declined to discuss the matter; BB&T couldn't be reached for comment. RBC bought the U.S. bank, then called Centura Banks, in 2001 for $2.3 billion and expanded it from North Carolina and Virginia to Florida and Georgia with additional acquisitions. The bank now has 420 bank branches in six southeast states, but it failed to garner big shares in its banking markets. It was hit hard by the U.S. housing crisis and recession. Since taking a C$1 billion writedown on the business in 2009, RBC has focused on revamping the operations. The deal would give PNC a chance to expand more in the Southeast, an area it has little presence in outside of Florida. With RBC's branches in the Carolinas and down the southeastern coast, PNC would be able to fill in the gaping hole in its footprint between its mostly northern Virginian locations and Florida branches. As one of the nation's biggest lenders in commercial real-estate, PNC also would be adding to that portfolio, for better or worse, as RBC had a heavy concentration in commercial real estate. Bloomberg reported news of the deal earlier. --By Dan Fitzpatrick, Matthias Rieker, and David Benoit; 212-416-2471; matthias.rieker@dowjones.com

Stock News for Bb & T (BBT)
DateTimeHeadline
05/22/201516:37:08Amended Statement of Changes in Beneficial Ownership (4/a)
05/22/201516:21:42Statement of Changes in Beneficial Ownership (4)
05/21/201516:12:16Statement of Changes in Beneficial Ownership (4)
05/20/201516:16:45Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201507:16:02Traditional Bank vs. Credit Union vs. Online Bank
05/18/201516:24:27Current Report Filing (8-k)
05/15/201516:26:40Current Report Filing (8-k)
05/14/201509:06:00BB&T Corporation CFO to speak at Barclays Americas Select Franchise...
05/08/201516:39:21Statement of Changes in Beneficial Ownership (4)
05/07/201516:52:52Statement of Changes in Beneficial Ownership (4)
05/06/201516:35:51Statement of Changes in Beneficial Ownership (4)
05/06/201516:35:51Statement of Changes in Beneficial Ownership (4)
05/06/201516:35:27Statement of Changes in Beneficial Ownership (4)
05/06/201513:08:02Is Now the Time to Sell Bank Stocks?
05/05/201516:23:30Statement of Changes in Beneficial Ownership (4)
05/04/201516:23:45Statement of Changes in Beneficial Ownership (4)
05/01/201516:31:12Statement of Changes in Beneficial Ownership (4)
05/01/201508:45:00BB&T to Sell Two Susquehanna Branch Locations to MVB Bank
04/30/201516:14:52Current Report Filing (8-k)

Bb & T and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad