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BB&T Corp. Chairman, President and CEO Kelly King said banks are the core of the country's economic growth engine but are now being hamstrung by regulation.
During an appearance on CNBC on June 29, King said that during the last several years banks have been blamed for the financial crisis, which he called "unfair and inaccurate and not very smart." He said that has led to huge increases in regulation, thus escalating the amount of time and money banks must spend on compliance. "We all made mistakes, we all got...