Nathan Place

1 week ago | americanbanker.com | Nathan Place

KeyCorp , the Cleveland-based parent company of KeyBank, is anticipating a lot of turbulence this year for the U.S. economy. But in terms of its own course, it's not budging. During a call discussing the company's first quarter earnings on Thursday, CEO Chris Gorman described an environment full of challenges: Trade policy is uncertain, inflation remains "sticky," and spooked businesses are putting deals on hold.

1 week ago | today.westlaw.com | Nathan Place

KeyCorp , the Cleveland-based parent company of Key Bank, is anticipating a lot of turbulence this year for the U.S. economy. But in terms of its own course, it's not budging. During a call discussing the company's first-quarter earnings on Thursday,...

1 week ago | americanbanker.com | Nathan Place

Citizens Bank hit Wall Street's earnings targets for the first quarter and announced a deal to sell about $1.9 billion of its student loans. About $200 million of non-core student loans were settled in the quarter, with the rest to be settled later this year, the Providence, Rhode Island, bank said. The student loan transaction helped push average loans for the quarter down 4% from a year ago to $139.7 billion.

1 week ago | today.westlaw.com | Nathan Place

This news is developing. Please check back for updates. Citizens Bank hit Wall Street's earnings targets for the first quarter and announced a deal to sell about $1.9 billion of its student loans. About $200 million of non-core student loans were...

1 week ago | americanbanker.com | Nathan Place

Bank of America is not predicting the worst outcome for the U.S. economy, but it is preparing for it. In a conference call detailing BofA's first quarter earnings, CEO Brian Moynihan said that as uncertainty around the Trump administration's trade policies continues, "periods of economic change" may be ahead. But the most likely scenario, he said, would be a slowdown in growth, not a contraction.