Images: Bloomberg News
TOUGH OUT THERE: "It's a real tightrope in terms of managing the right level of growth, in terms of quality and spreads," BB&T CEO Kelly King, left, said. Commercial loan yields are low because of "the sheer amount of competition in the C&I space," SunTrust CEO William Rogers said.
Most big banks have reported lower revenue for the second quarter, the downside of trying to beef up loans in a hotly competitive, low-rate lending market. Earnings reports at BB&T and SunTrust shed light on the problems of yield and margin that lie below the surface throughout the industry and threaten growth prospects.
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