HALISTER1: BB&T Boosts 2016-2017 Share Buybacks by $200m

BB&T Boosts 2016-2017 Share Buybacks by $200m

(Bloomberg) -- BB&T sees adding another $200m in repurchases through accelerated share repurchase pact before end of year: filing.
  • Expects buybacks to be completed in early 2017
  • Separately, BBT enters consent order with FDIC and North Carolina Commissioner of Banks calling for “corrective actions and enhancements to address certain internal control deficiencies within the Bank Secrecy Act/Anti-Money Laundering Compliance Program”
    • Sees entering similar order with Fed in near future; no criminal activity has been identified
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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BBT US (BB&T Corp)

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