Thursday Sep 4 | BusinessWeek
Analyst Actions: Legg Mason, Steel Industry
Credit Suisse analyst Craig Siegenthaler says his downgrade of Legg Mason follows the restructuring of some of the large structured investment vehicles and rebound in LM share price.
National City: Losses Made Simple
National City , a regional Midwest bank, continues to suffer staggering loses and doesn't look to be recovering any time soon.
When is the credit crisis going to end? How will we know? The credit crisis is getting ready to enter its second phase.
Is Cleveland riskier than Iraq?
St. Louis customers and employees of National City Bank may be surprised to learn that the bond market considers the bank's parent company to be a worse risk than the government of Iraq.
Key Venture shifts strategy after tough year
It's been a tumultuous 12 months for Key Venture Partners. Key Venture, a venture capital firm founded in 1998 with a $50 million fund, has not completed an investment since October 2007 - one month after ...
Time may be right for big-name asset manager acquisitions
The asset management industry is buzzing about the potential sale of big-name managers - buzz that foreshadows an uptick in mergers and acquisitions activity for the entire industry, according to some ...
Company Classification: Corporate Research Hours/Schedule: Permanent Full Time KeyBank Company Description: Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with ...
Your House Is Not an Emergency Fund
I have a confession to make: I've never had an emergency fund. I don't think that I'm immune to financial woes; I just figured I'd tap into my home equity line of credit at a relatively low interest rate, ...
Regional banks see bond prices decline
It's not just stock prices that are skidding for regional banks like Fifth Third Bancorp , National City Corp.
August 15, 2008 at 9:57 am by Michelle Leder The $1.4 million apology We're still digging out from a heaping pile of Qs here at footnoted, but didn't want to let this one from Key Corp.
Five Dividend Darlings For August 14
For decades, blue chip companies with high dividend yields have been affectionately referred to as " widow-and-orphan stocks " because they represented mature, established companies that paid reliable dividends ...
Financial Stocks: Zions lead financials lower at open
U.S. financial stocks remained under pressure at midday Wednesday as bank and brokerage stocks continued to suffer from investors' jitters about the outlook for the economy and markets.
Continue reading "Key downplays link to bankrupt builder"
While KeyCorp has been linked to Florida builder WCI Communities, Inc., which filed for bankruptcy on Monday, Key has very little exposure to the company, Key said Wednesday.
Bank of America: Dividends aren't guaranteed
Q: Bank of America was recently sporting a dividend yield of more than 11%, doesn't that mean the bank is nearly certain to cut the dividend? A: There are only a few things investors see as their right.
KeyCorp cuts exposure with struggling builder
Published: Friday, August 8, 2008 at 1:00 a.m. Last Modified: Thursday, August 7, 2008 at 11:24 p.m. Regional banking company KeyCorp said Wednesday it is cutting $12.9 million of lending exposure with WCI ...
KeyCorp cuts loan links to Fla. housing developer
Regional banking company KeyCorp says it is cutting $12.9 million of lending exposure with a Florida housing developer that filed for bankruptcy protection.
KeyCorp closing 1 Dallas office, cutting 112 jobs
Cleveland-based financial services company KeyCorp is laying off 112 people in Dallas, the Texas Workforce Commission said Monday.
Stock market unkind to most Ohio-based banks
The share prices of Ohio banks were hammered Monday as virtually the entire banking sector fell on the first business day after two Western U.S. banks failed and were seized by regulators.
Worst 10-year performers: KeyCorp slips on subprime slime
In this series, we take a look at the 25 stocks on the S&P 500 Index that have turned in the worst performance during the past decade what went wrong, and what happens next.
Banking-industry watchers chalk up consumers' fears not only to ongoing problems such as the foreclosure crisis, but also a spate of bad banking-industry news that surfaced this month.