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BRIEF-BB&T branch banking and trust has entered into consent order with Federal Deposit Insurance Corp
December 20, 2016 / 9:37 PM / a year ago

BRIEF-BB&T branch banking and trust has entered into consent order with Federal Deposit Insurance Corp

Dec 20 (Reuters) - Bb&T Corp

* Branch Banking And Trust Co has entered into consent order with federal deposit insurance corporation and north carolina commissioner of banks

* “No criminal activity has been identified as result of such deficiencies, and no financial penalty was levied”

* Says has already taken significant steps towards improvement of its bank secrecy act/anti-money laundering program

* Order calls for corrective actions and enhancements to address certain internal control deficiencies

* Anticipates entering into a similar regulatory order with board of governors of Federal Reserve system in near future Source text for Eikon: Further company coverage:

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