KeyCorp · Cleveland, OH United States ·(NYSE: KEY)
Company Description
Phone: 216-689-6300
Fax: 216-689-0519
Toll Free: 800-539-6070
Rankings
- #480 in FT Global 500
- #382 in FORTUNE 500
- S&P 500
View KeyCorp Locations On A US Map
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This link will open in a new window Financial services giant KeyCorp has the clout of mean Henry Potter of Bedford Falls, but wants to be the sweet George Bailey of bankers. With a focus on relationship banking and retail operations, flagship subsidiary KeyBank operates more than 985 branches (KeyCenters) in more than a dozen states. Its operations are divided into two groups: community banking offers local banking services including deposits, loans, and financial planning, while national banking provides real estate capital, equipment financing, and capital markets services to large corporate clients. Non-bank subsidiaries offer insurance, brokerage, investment banking, and credit card processing for small businesses. To read the full description, subscribe now.
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Key KeyCorp Financials
| Company Type | Public - NYSE: KEY Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $4,279.0 |
| 2008 Employees | 18,095 |
KeyCorp Executives
72 executives listed for KeyCorp's Cleveland, OH location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Henry Meyer | Network |
| Vice Chair; President, Key National Banking | Peter Hancock | Network |
| Vice Chairman, Chief Administrative Officer, and Director | Thomas Stevens | Network |
Competition
Competitive Landscape for KeyCorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top KeyCorp Competitors
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