CLEVELAND, June 23, 2016 /PRNewswire/ -- KeyCorp (NYSE:
KEY) announced today that it has reported its 2016 Company-Run
Stress Test Results and Process, as required by the Dodd-Frank Act,
on the Regulatory Disclosures and Filings page of its website,
www.key.com/ir. The disclosure includes stress test results for
KeyCorp and KeyBank, but does not take into account any capital
actions Key may have requested under the Federal Reserve's 2016
Comprehensive Capital Analysis and Review process ("CCAR").
Key's Company-run stress test results are not necessarily
indicative of Key's performance as part of CCAR, and no positive or
negative inference about Key's CCAR results (including any
potential capital actions) should be drawn from these Company-run
stress test results. The Federal Reserve plans to publicly
release the results of CCAR on Wednesday,
June 29, 2016.
The Federal Reserve's instructions for the 2016 stress tests
required institutions to incorporate any proposed business plan
changes in their results. Accordingly, Key's stress test results
included a pro forma projection incorporating the pending
acquisition of First Niagara. KeyCorp's pending acquisition of
First Niagara Financial Group remains subject to regulatory
approval, including approval by the Federal Reserve.
About KeyCorp
KeyCorp was organized more than 160
years ago and is headquartered in Cleveland, Ohio. One of the nation's largest
bank-based financial services companies, Key has assets of
approximately $98 billion.
Key provides deposit, lending, cash management and investment
services to individuals, small and medium-sized businesses under
the name of KeyBank National Association. Key also provides a broad
range of sophisticated corporate and investment banking products,
such as merger and acquisition advice, public and private debt and
equity, syndications and derivatives to middle market companies in
selected industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. KeyBank is Member
FDIC.
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SOURCE KeyCorp