Summary
This 8-K filing from TRUIST FINANCIAL CORP (TFC), then operating as BB&T Corporation, announced on June 23, 2016, the release of its annual company-run stress test results. These tests were conducted in accordance with the Dodd-Frank Act regulations mandated by the Board of Governors of the Federal Reserve System and the FDIC. Investors can access the detailed results through the Investor Relations section of the company's website (www.bbt.com/about).
Key Highlights
- 1BB&T Corporation (now Truist Financial Corp) released its annual company-run stress test results.
- 2The stress tests were conducted under Dodd-Frank Act regulations.
- 3The tests followed guidelines from the Federal Reserve and the FDIC.
- 4Results are made available to investors via the company's Investor Relations website.
- 5The information is furnished and not deemed 'filed' for certain regulatory purposes.
- 6The filing includes a press release announcing the stress test results as an exhibit.
Frequently Asked Questions
The main purpose of this filing is to publicly disclose the results of BB&T Corporation's (now Truist Financial Corp) annual company-run stress tests, which are mandated by regulatory bodies under the Dodd-Frank Act.
The detailed results of the stress tests are available in the Additional Disclosures section of the Investor Relations website on BB&T's (now Truist Financial Corp) corporate website, located at www.bbt.com/about.
These stress tests were conducted in accordance with regulations set by the Board of Governors of the Federal Reserve System and the FDIC, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to assess the resilience of financial institutions under adverse economic conditions.
No, the information provided in Items 7.01 and 9.01 of this report is being 'furnished' and is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated by reference into other SEC filings, unless expressly stated otherwise.