"When we looked at Colonial's portfolio versus ours, we saw a lot of borrowers we turned away" -...

|By:, SA News Editor

"When we looked at Colonial's portfolio versus ours, we saw a lot of borrowers we turned away" - BB&T (BBT) CFO Daryl Bible on his firm's takeover of Colonial Bank (CNB) loans and collateral, which are being marked down by 37%. Construction loans are being marked down by 67%. (See chart; via)