...to the anticipated capital raise). "We are taking these actions to preserve and enhance our balance sheet strength," said KeyCorp CEO Henry Meyer. "If it had not been for the adverse court ruling on our tax treatment of a leveraged lease transaction, we probably...
...well above "well- capitalized" regulatory benchmarks. Had the $2.5 billion capital increase been in place on September 30, KeyCorp's Tier 1 Risk Based Capital Ratio would have been raised to approximately 10.76 percent from 8.48 percent, and Total Risk Based...
...to Raise $1.5 Billion, Loan and Tax Provision (Update1): “KeyCorp, Ohio's third-largest bank, said today it will be forced to raise $1.5 billion after losing a tax case tied to leasing. KeyCorp expects a $1.1 billion to $1.2 billion second- quarter charge...
...impacted by continued disruption in financial markets - Costs remain well controlled CLEVELAND, April 17 /PRNewswire-FirstCall/ -- KeyCorp (NYSE: KEY) today announced first quarter income from continuing operations of $218 million, or $0.54 per diluted common...
...commitments and other personal interests. "Tom's leadership and experience have made a tremendous impact on our company," said KeyCorp CEO Henry L. Meyer III. "He led significant organizational changes that built our capabilities and integrated our corporate...
...Ratings, New York Andrea Murad, +1-212-908-0896 Gary Santo, +1-212-908-9172 Media Relations: Sandro Scenga +1-212-908-0278 KeyCorp Student Loan Trust 1999-A --Class B 'A'. KeyCorp Student Loan Trust 1999-B --Class B 'A+'. Fitch's action follows Monday's...
...losses associated with volatility in the fixed income markets and the strategic decision to exit certain business activities. KeyCorp's Board of Directors today increased the 2008 first- quarter regular quarterly cash dividend by 2.7% to $0.375 per common...
...the nation's third-largest commercial real-estate lender, said it will eliminate 870 jobs and post a fourth-quarter loss of up to five cents a share, amid the deterioration in its homebuilder loan portfolio. Chairman and CEO Henry L. Meyer III said: "Like...
...YORK — Fitch Ratings has affirmed the following classes from two KeyCorp Student Loan Trusts: Fitch's actions are based on the collateral and trust performance to date and the legal and financial structure. These structural features require that excess spread...
...(Nasdaq: CTSH), a leading provider of global consulting, technology and business process services, today announced that KeyCorp, one of the largest bank-based financial services companies in the US, has selected it as The Technology Vendor Of The Year 2007...