TITLE

KeyCorp, Others Playing It Short with Extra Cash

AUTHOR(S)
Monks, Matthew
PUB. DATE
October 2010
SOURCE
American Banker;10/25/2010, Vol. 175 Issue 163, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the finances of the regional bank KeyCorp. The company declared a higher than expected profit of $178 million in the third quarter of 2010. The role of the bank's purchasing of short-term mortgage bonds issued by government-sponsored enterprises Fannie Mae and Freddie Mac in its improved profits is discussed.
ACCESSION #
54595625

 

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