BB&T Corporation (NASDAQ:BBBY) Files An 8-K Other Events

ME Staff 8-k
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BB&T Corporation (NASDAQ:BBBY) Files An 8-K Other Events
ITEM 8.01

Other Events
BB&T Corporation (“BB&T”) announced today that its bank subsidiary, Branch Banking and Trust Company, has entered into a Consent Order with the Federal Deposit Insurance Corporation and the North Carolina Commissioner of Banks. The order calls for corrective actions and enhancements to address certain internal control deficiencies within the Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) Compliance Program. No criminal activity has been identified as the result of such deficiencies, and no financial penalty was levied.
BB&T has already taken significant steps towards the improvement of its BSA/AML program, including:
Ÿ additional investment into processes and system upgrades to strengthen anti-money laundering controls;
Ÿ continued emphasis on education, training and the importance of compliance for all associates; and
Ÿ the hiring and placement of a highly experienced BSA/AML professional to oversee these efforts.
BB&T anticipates entering into a similar regulatory order with the Board of Governors of the Federal Reserve System in the near future.

About BB&T Corporation (NASDAQ:BBBY)

Bed Bath & Beyond Inc. is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market). The Company operates in two segments: North American Retail and Institutional Sales. The Company sells a range of domestics merchandise and home furnishings. Domestics merchandise includes categories, such as bed linens and related items, bath items and kitchen textiles. Home furnishings include categories, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables and juvenile products. The Company operates approximately 1,530 stores plus its various Websites, other interactive platforms and distribution facilities.

BB&T Corporation (NASDAQ:BBBY) Recent Trading Information

BB&T Corporation (NASDAQ:BBBY) closed its last trading session down -0.89 at 46.20 with 3,401,489 shares trading hands.