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BB&T in Winston-Salem, N.C., reported higher quarterly earnings despite flat revenue.
October 16 -
BB&T's smaller competitors are convinced the Winston-Salem bank is moving the decision-making on commercial loan applications to its headquarters. They say they've been able to steal customers from BB&T as borrowers are frustrated with the red tape. BB&T's president denies this and says it's as committed to community banking as always.
September 23 -
In the push for more noninterest income, regional banks have expanded their investment banking divisions, including capital markets and M&A advisory. Regions Financial has the most challenging task, as it rebuilds after divesting Morgan Keegan.
August 21
BB&T has opened an office of its capital markets unit in New York to service corporate and institutional customers in the Northeast.
The $187 billion-asset company in Winston-Salem, N.C., hired Lou Serio, John Macken and Tim Wiegand for the New York office. BB&T's capital markets unit already has offices in New York and Boston that handle equity research, sales, trading and investment banking.
BB&T did not identify in a news release the companies where its new bankers previously worked. A BB&T spokesman could not immediately confirm their previous employers.
Serio joined BB&T in June and had previously worked at U.S. Bancorp as a senior relationship manager for national corporate banking, according to his LinkedIn page.
Macken also joined BB&T in June and previously worked for Singapore's United Overseas Bank, according to his LinkedIn page.
Wiegand joined BB&T in November 2013 and worked previously at HSBC in corporate and middle-market banking, according to his LinkedIn page.
