Charlotte is booming

[Ja Rhule]

So many big corporations are moving here is mind blowing.  Honeywell is moving here from Pittsburg and today annocement about merger between BBT and SunTrust forming 6th largest bank in the US and moving it’s corporate to Charlotte.  

[LinvilleGorge]

I'm glad we bailed all those banks out so that they could continue to merge and buy each other out further concentrating our financial system. Between BB&T and SunTrust, that's over $8 billion in government bailouts during the mortgage crisis. Too big to fail indeed.

[Ja Rhule]

12 hours ago, LinvilleGorge said:

I'm glad we bailed all those banks out so that they could continue to merge and buy each other out further concentrating our financial system. Between BB&T and SunTrust, that's over $8 billion in government bailouts during the mortgage crisis. Too big to fail indeed.

Those 2 banks are regional and struggled to compete with the big dawgs.  This merger actually creates more competition.  It will also chop thousands of jobs and bring thousands of jobs to Charlotte.

[PandaPancake]

On 2/7/2019 at 10:54 PM, LinvilleGorge said:

I'm glad we bailed all those banks out so that they could continue to merge and buy each other out further concentrating our financial system. Between BB&T and SunTrust, that's over $8 billion in government bailouts during the mortgage crisis. Too big to fail indeed.

BBT was forced to take tarp money. They took the minimal and put it in an account at a bigger bank, repaid as soon as they could, and kept the interest

[thefuzz]

3 hours ago, PandaPancake said:

BBT was forced to take tarp money. They took the minimal and put it in an account at a bigger bank, repaid as soon as they could, and kept the interest

Thought that was the case as well.

[PandaPancake]

3 hours ago, thefuzz said:

Thought that was the case as well.

My friend that works there said it was take the tarp or they were going to ask for a closer look at their books

[Pejorative Miscreant]

10 hours ago, thefuzz said:

Thought that was the case as well.

https://www.ibtimes.com/interview-bbt-ceo-kelly-king-taking-advantage-financial-crisis-253111

yep.  They are becoming the quiet giant of regional banking. Just sticking to sound principles. Lesser of the other evils in the banking world

[thefuzz]

13 hours ago, Pejorative Miscreant said:

https://www.ibtimes.com/interview-bbt-ceo-kelly-king-taking-advantage-financial-crisis-253111

yep.  They are becoming the quiet giant of regional banking. Just sticking to sound principles. Lesser of the other evils in the banking world

I've had multiple accounts with BBT for years, and have owned their stock for a loooooong time.  Conservative bank that seems to keep on making the right decisions.