BB&T to Redeem $3.1B in Trust Preferred Securities
BB&T Corporation (NYSE: BBT) announced today that the trusts listed below will redeem in their entirety $3.1 billion in aggregate principal amount of issued and outstanding trust preferred securities. This move follows an announcement made by The Board of Governors of the Federal Reserve that proposes rules to phase-out the Tier 1 capital treatment for trust preferred securities
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.