On June 9, the US Treasury Department announced that 10 financial institutions would be allowed to repay billions of dollars they had received through the Troubled Asset Relief Program (TARP). BB&T, a financial services organization founded in 1872 that offers a set of services including banking and lending, was one of those companies. It had received about $3.1 billion.
Toward the end of BB&T's association with TARP, its CEO Kelly King began to openly discuss his feelings about it. ...