BB&T (BBT) to Incur $48M Charge in Q2 Related to TARP Repayment

In a Form 8-K, BB&T (NYSE: BBT) disclosed that on related to its TARP repayment, the Company will record a charge of approximately $48 million in Q2 to account for the difference between the amortized cost of the preferred stock and the repurchase price.

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