Kelly King, BB&T's chairman and chief executive
CHALLENGES AHEAD: "Revenue is relatively slow and is probably going to be somewhat slow as mortgage continues to be down," says Kelly King, BB&T's chairman and chief executive.
Midsize banks remain concerned about their ability to meaningfully grow revenue at a time when yields on loans are narrowing and income from mortgage banking — a key revenue driver — continues to shrink.

Top Stories

Former Federal Deposit Insurance Corp. Chairman Sheila Bair took private investors to task this week, arguing that their failure to understand and manage mortgage-market risk helped bring about the financial crisis.  more »
Under its aggressive quantitative easing program, the Fed is borrowing short-term and investing long-term, exposing itself to severe interest rate risk when short-term rates rise, writes former Fed economist Scott Hein.  more »
The Obama administration is urging activists like the National Council of La Raza to support legislation to overhaul the housing finance market, ahead of a Senate Banking Committee vote scheduled for late April.  read more »
11 Noteworthy Uses of Biometrics in Payments
Biometric technology could eliminate the need to carry a payment card or even a smartphone by allowing users to authorize payments with a fingerprint, handprint, face or retina scan. But the technology has had a rocky past, and each new product comes with new quirks.  read more »
B of A caught observers off guard by announcing $6 billion in mortgage litigation expenses, but the move is an attempt to convince analysts and investors that there is an end in sight to its crisis-era legal woes. It just might work.  read more »
The cutting-edge bank — it already offers smart watch apps — is testing the technology on its employees' mobile devices and, if all goes well, it plans to roll it out to its customers by late summer.  read more »
"Suburban flight" is taking on an entirely new meaning, as young and old adopt an urban lifestyle. What do these dramatic demographic shifts mean for banks?  read more »
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