Fed Approves BB&T's Revised Capital Plan

Law360, New York (August 23, 2013, 2:42 PM EDT) -- The Federal Reserve on Friday said that BB&T Corp. could move forward with a revised capital plan it submitted after the central bank objected to its original plan earlier this year.

BB&T was the only one of 18 of the largest banks in the nation to see the Fed reject its capital plan during its annual Comprehensive Capital Analysis and Review process that complements annual stress tests. That objection meant that BB&T was required to submit a new plan for paying dividends to its shareholders....
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