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.


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?


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 economic toll.


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 cuts stemming from the Federal Reserve’s caps on payouts.


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.


How the pandemic has upended banks’ marketing


Many banks are slashing their spending. Others are changing their messaging strategies. And those that banks partner with pro sports teams are stuck in limbo, since it remains unclear when games will resume.


Deposits are rising. But will they stick around?


Consumers and businesses put more money in the bank as the pandemic worsened. How long the funds remain will depend on how quickly the economy recovers.


More banks shut down branch access as COVID-19 spreads


Truist, Key, Fifth Third and PNC became the latest banks to restrict branch access to the drive-through window or appointment only.


KeyCorp promotes Victor Alexander to head of consumer banking


Alexander most recently headed up mortgage lending and before that co-led the integration of Key's acquisition of First Niagara. He replaces Dennis Devine, who recently left the company.


Former KeyCorp CEO Henry Meyer dies at 70


Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.