BB&T Records Charge for Disputed Tax Liability, Could Cut Reserves to $496M or Raise by $328M

BB&T Records Charge for Disputed Tax Liability, Could Cut Reserves to $496M or Raise by $328M

By: Latest Articles from Benzinga.com

Posted on February 26, 2013 at 16:34 PM EST

BB&T Corporation (NYSE: BBT ) today announced that it will record a charge of $281 million in the first quarter to increase its reserves related to an ongoing disputed tax liability. The decision follows a Feb. 11 opinion by the U.S. Tax Court with respect to a case between the Bank

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