News Topic: KeyCorp
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Most Powerful Women in Banking: No. 24, Angela Mago, KeyCorp
How government benefits programs became a nightmare for banks
KeyCorp's solid 4Q marked by strong credit, dealmaking. Can it last?
KeyCorp doles out bonuses as large as $25,000
KeyBank retrains tech workers whose jobs are going away
KeyCorp forecasts commercial lending rebound after 2Q hit
KeyCorp hires Wells Fargo executive to fill new ESG role
KeyCorp hires former JPMorgan exec to lead wealth management
KeyCorp raises community investment plan to $40 billion
The Cleveland company is more than doubling an earlier commitment in order to support racial equity and environmental sustainability. ... Read full article
KeyCorp set to roll out digital bank for doctors
The Cleveland company will launch the service in March to broaden relationships its Laurel Road student loan refinancing unit has built with health care professionals. ... Read full article
Banks can’t ride fee income gravy train much longer
Noninterest income has bolstered profits this year. But its growth is expected to slow over the next two years, making for a gloomy earnings outlook unless vaccine distributions and the economic recovery are relatively swift. ... Read full article
Bankers talk around lending prospects, talk up need for stimulus
Executives from a half-dozen major financial institutions avoided detailed commercial lending forecasts and gave a mixed outlook on consumer credit at an industry conference. And they called on Washington to pass an aid package targeted at the most ... Read full article
What's in, what's out as KeyCorp resets consumer strategy
The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses. ... Read full article
Citi’s Fraser predicts more women will lead big banks soon
Jane Fraser, who in February will become the first female CEO of a Wall Street bank, said during a Women in Banking event hosted by American Banker that she will be “the first of many, many more” to come. ... Read full article
KeyCorp looking to accelerate pace of branch closings
Chris Gorman, the Cleveland company's chairman and CEO, said at an industry conference that an ongoing shift to digital channels provides an “opportunity to continue to ramp up" efforts to shutter physical locations. ... Read full article
Diversity chiefs gain prominence as banks confront racial inequality
Institutions large and small are either creating new positions or elevating existing diversity heads to C-suite roles. Will the moves help banks improve equality within their ranks and better serve their communities? ... Read full article
KeyCorp defends its credit cushion as ample
Other regionals set more aside for loan losses than the Cleveland bank did in the second quarter, and its ratio of reserves to total loans is slightly lower, too. But Key executives say the portfolio is balanced and holding up well despite the pandemic’s ... Read full article
2Q preview: Regional banks staring at steep profit declines
While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend ... Read full article
Parting words from Beth Mooney: ‘Rebuild trust through your actions’
In an exit interview with American Banker, the former KeyCorp CEO reflected on a trailblazing career, shared her thoughts on leadership and described what it’s like to retire in the middle of a pandemic. ... Read full article