Mooney is in position to put KeyCorp on the offensive

04/5/2011 | AmericanBanker.com (free registration)

On the eve of his retirement, KeyCorp Chairman and CEO Henry Meyer has repaid the Troubled Asset Relief Program, buying his successor, Beth Mooney, a little bit of time to get the bank back on track, experts say. Keycorp lags behind U.S. Bancorp, Huntington Bancshares, Fifth Third Bancorp and other rivals, forcing Ms. Mooney to prove that the bank can win market share in the tough banking landscape of the Midwest. As the region's manufacturing sector starts to rebound, the stakes are being raised for Ms. Mooney to prepare KeyCorp to go on the offensive.

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