Paul Davis

Bank of America, Wells Fargo, JPMorgan Chase and BB&T will still be standing a decade from now, BB&T CEO Kelly King says. His list omits a number of other prominent players, including Citigroup.

The company's net income more than tripled from the fourth quarter and rose 39% from a year earlier, to $245 million. Revenue rose 8% from the fourth quarter and 3% from a year earlier, to $2.2 billion.

G. Kennedy Thompson, a former chairman and chief executive of Wachovia Corp., will join the board of BNC Bancorp in High Point, N.C.

Still awash with deposits and seeing limited opportunity to make loans, banks are trying to lift net interest margins by shrinking long-term debt.

Two of the banking industry's biggest turnaround challenges fell further behind the pack in the 3Q, and it's now up to their rookie CEOs to turn on the afterburners.

Executives at several regional banks said this week that they have done what they could to resolve credit losses and now must wait on the economy before making more progress.

Plagued by bad press and a struggling stock, Bank of America tried Tuesday to buy some time by erring on the side of disclosure.

First Horizon National Corp. said declines in problem assets may have hit a temporary wall, with further improvement possibly on hold until mid-2011.

The new leader of BBVA's U.S. operations has already set a clear direction: countertrend. Manuel Sanchez was reluctant in an interview to display the appetite for acquisitions common among bankers these days, including his former boss.

Rivals of BofA are expected to wait and see how the Charlotte company's moves sit with the public and with Elizabeth Warren, the special adviser who's setting up the CFPB.

The heads of JPMorgan Chase & Co., Bank of America Corp., PNC Financial Services Group Inc. and other banking companies said added fees, investments in businesses unrelated to lending and smaller client bases will offset the toll of reform expenses and tepid lending.

Several banks are actively looking to expand in the Georgia capital, viewing it as a market that will inevitably rebound from its malaise of the past three years.

Bank of America raised almost all the same questions as its fellow megabanks did last week and got no closer to resolving them.

Bank securities held by the Treasury Department through the Troubled Asset Relief Program would no longer count toward a banking company's Tier 1 capital under the Senate's version of the reform bill, legal experts said.

Though the reform bill wending its way through Congress will have little direct impact on regional banks' capital markets business, it could spur more competition from larger rivals.

While all of the big banks have repurchased or converted preferred stock, and two-thirds of the regionals have followed suit, community banks are expected to hold the vast majority of unpaid Tarp funds on their balance sheets by the program's two-year anniversary.