Friday, January 12, 2007
Morningstar Speculates on RBC Centura & BB&T Combination
Financial Post, Duncan Mavin, 12 January 2007The tenth-biggest bank in the United States could be an acquisition target for the biggest bank in Canada, according to a note from Morningstar analyst Michael Kon.Branch Banking and Trust Co. is looking for a merger partner and Royal Bank of Canada's U.S. subsidiary, RBC Centura, fits the bill, Mr. Kon said.BB&T has 1,400 branches in 11 states. But
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