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...The only other female chief executive of a top 30 bank by assets is Beth Mooney of Ohio-based KeyCorp....
...While he was at KeyCorp, Mr Ruch oversaw almost $20bn in debt investments....
...KeyCorp was one of the sector’s strongest stocks after KBW upgraded the shares, saying the bank’s balance sheet was stronger than the Treasury required after it raised fresh capital....
...Fifth Third Bancorp is reviewing its own such options, while another possible seller is KeyCorp, though the firm has resisted entreaties for its asset-management business....
...Regions Financial and Keycorp overturned early losses to gain 9.6 per cent to $11.40 and 4.3 per cent to $11.99, respectively....
...Meanwhile, National City is unlikely to pursue offers submitted by Keycorp and Fifth Third Bancorp, adds the WSJ....
...KeyCorp, the third-largest bank in Ohio, was the exception, slumping 23.7 per cent to $11.98 after the bank said it would cut its dividend and raise $1.5bn after losing a tax case that will result in a second-quarter...
...KeyCorp, a US bank, has plans for a euro-denominated bond expected to be issued in September. The sale will be managed by CSFB and KeyBank Capital Markets....
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