BB&T's (BBT) outlook is lowered to Negative by Moody's as it reaffirms the lender's A2 rating. The change follows the bank's needing to adjust its calculation of risk-weighted assets related to unfunded lending commitments. "This reflects weaker internal controls than Moody's expected for a bank with BB&T's strong track record ... its failure to conform to longstanding regulatory guidance is a concern." [View news story]
I stopped at my local BB&T this morning to cash my room mate's rental check....He's a customer there, however my bank is across town...Since the check was drawn on their bank, I didn't think there would be an issue...Little did I know, they charge an $8.00 fee to cash their own checks if you don't have an account with them..Furious over this, I came home and e-mailed them in protest..This is little more than legalized theft...Going forward I will make a point to do my banking business with ANY other bank besides them..
BB&T's (BBT) outlook is lowered to Negative by Moody's as it reaffirms the lender's A2 rating. The change follows the bank's needing to adjust its calculation of risk-weighted assets related to unfunded lending commitments. "This reflects weaker internal controls than Moody's expected for a bank with BB&T's strong track record ... its failure to conform to longstanding regulatory guidance is a concern." [View news story]