by Matthew Russell Lee, Patreon Book Substack
FEDERAL COURTHOUSE, April 20 – Key Bank is in decline, in consumer compliance and in fair lending - and now, in deposits and stock price.
On April 20 KeyCorp underperformed the estimate, with deposits down year on year; its price fell. If only investors knew how much worse it is.
With the US bank regulators giving away troubled banks, Silicon Valley Bank to First Citizens, and Signature Bank to NYCB, it is imperative they know the Key Bank cannot be given any more branches, any more communities to take advantage of. Already, Key has government contract to distribute benefits, and garnish wages.
Fair Finance Watch, looking at Key Bank's 2021 lending at first in New York State, notes that while Key Bank made 7916 mortgage loans to whites, with 1733 denials, it made only 266 loans to African Americans, with fully 140 denial. It should be sued by the Department of Justice, and many others - just ask NCRC.
Key Bank is, Fair Finance Watch now says, the Key to Disinvestment. It is the redlining bank.
Reporting from and on the Federal courts, Inner City Press has noticed a slew of data breach cases filed against KeyCorp, since August 2022, now moving toward a multi-district consolidation - in February 2023 to the Northern District of Georgia, to the Honorable Steven D. Grimberg.
In amateur response, KeyBank on February 7 bragged on the for-pay CSR Wire about grants it is giving out. But how do they compare to the lending promises Key made, and broke? Watch this site
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