Finance
KeyCorp CEO Ready to Play ‘Offense’ After Industry Turmoil
- Cleveland firm lagged peers last year amid regional bank fears
- Bank plans to focus on capital light business, people: Gorman
Christopher Gorman
Photographer: Dustin Chambers/BloombergThis article is for subscribers only.
After a year that challenged a host of regional lenders, KeyCorp Chief Executive Officer Chris Gorman says the Cleveland-based bank is ready to begin “playing offense.”
As a series of bank failures rattled confidence, escalated competition for deposits and sent the sector tumbling last year, KeyCorp took steps to shrink its risk-weighted assets to help bolster capital as its stock lagged peers. Now, the bank is focusing on how to angle itself for growth.