Entries tagged "KeyCorp"

Finance Layoffs: Lloyds and KeyCorp

Banks that announced layoffs include Lloyds Banking Group and KeyCorp.

Banking stress tests preview

The information void over stress test results is creating speculation.

Will Citi, BofA have to raise capital?

The two banks are trying to convince regulators that the stress test results are incorrect ahead of Thursday's release of them.

Regional bank earnings roundup

A lot of regional banks are releasing first-quarter earnings Tuesday and throughout the week. Here's a roundup.

Bank Watch: Financial stocks sink

Stocks fell Wednesday as investors worry about a possible auto industry bailout. The Dow sunk 192.67 points to 8,232.08, the S&P 500 fell 26.61 points to 832.51, and the Nasdaq fell 48.10 points to 1,435.17. ...

Bank Watch: Mixed results on down day

With the Dow closing down 231.77 or 2.50% to 9,033.66, banks were mixed, with the largest banks feeling most of the pain. Interestingly, however, smaller regional banks National City Corp., Fifth Third Bancorp and KeyCorp fared relatively well, despite the three Ohio banks all reporting third-quarter losses. - Matthew Wurtzel...

Midwestern regional banks continue to bleed

If Midwestern regional banks -- National City Corp., Fifth Third Bancorp and KeyCorp -- were in a hospital, they'd be listed in critical condition with doctors and nurses scrambling for ways to stop the bleeding. Their peer U.S. Bancorp would be down the hall, in fair condition, but with its vital signs being closely monitored. All four regional banks announced third-quarter earnings Tuesday morning, with U.S. Bancorp coming in as the lone profitable bank of the group.  ...

Bank of Nova Scotia may acquire U.S. money managers

The Bank of Nova Scotia is open to making more acquisitions of money managers in North America. According to a report by Bloomberg, analysts have speculated that potential targets could include the money management units of troubled Ohio banks National City Inc., KeyCorp and Fifth Third Bancorp, and Wachovia Corp.'s Evergreen mutual funds. Not mentioned in the Bloomberg report is Lehman Brothers Inc.'s Neuberger Berman LLC unit, which could also be up for sale. ...

Icahn gets richer, while the broader markets get poorer

The Dow Jones Industrial Average may have tumbled 205.67 points to close at 11,378.02 on Thursday, and the regional banking sector may continue to take hits on fears of mortgage-related losses, but billionaire activist Carl Icahn had reason to celebrate.  ...

When will Canadian banks head south?

The subprime mortgage crisis has presented Canadian banks with a fascinating opportunity, and it will be interesting to see if any of them them seize it, and how quickly. ...

Fifth Third, KeyCorp front-runners for National City?

Perhaps Dealscape misspoke Wednesday when we said attempting to sell National City Corp. may be like trying to sell ice in the Arctic. We were specifically down on the notion that regional players KeyCorp and Fifth Third Bancorp would want to take on National City's portfolio of troubled mortgages. However, the media is now abuzz as unnamed sources say that both banks are interested in bidding in the Goldman, Sachs & Co.-led auction of the Cleveland bank....

National City suitors, few and far between

With the credit crisis troubling financial services firms, attempting to sell National City Corp. may be like trying to sell ice in the Arctic. Since the rumor a couple of weeks ago that the Cleveland bank was possibly up for sale, which was confirmed Tuesday, a list of buyers for the mortgage debt-plagued institution is short....

Top tags

• M&A (1067)
• bankruptcy (543)
• private equity (519)
• politics (396)
• credit crisis (361)
• banks (353)
• Bank of America (349)
• banking (333)
• Citigroup (318)
• layoffs (312)