O'Leary, Christopher
June 2003
Investment Dealers' Digest;6/16/2003, Vol. 69 Issue 24, p26
Trade Publication
In a world in which the biggest banks are only getting bigger, a Cleveland, Ohio-based bank long consigned by many to the regional middle market is looking to greatly improve its lot by emulating the commercial/investment banking hybrid model that has worked so well for the biggest banks in the U.S. Throughout this year, KeyCorp has been streamlining its commercial and investment banking units with an eye to making its investment banking operation, the former McDonald&Co. For added measure, in March 2002 KeyCorp added longtime BofA veteran Thomas Bunn, who now runs KeyCorp's overall corporate and investment banking division. The key for KeyCorp is to fill the void left by some of the larger global banks which, due to lending scandals or market retrenchment, have become stingier with their balance sheets, especially for companies in the $250 million to $2.5 billion market capital range-KeyCorp's stated area of focus.


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