Banks that are big but not huge, such as KeyCorp, Citizens and Truist, reported big profit declines
Regional banks have shelled out more and more to depositors to get them to stick around. For many, that still hasn’t been enough.
After an ugly third quarter, banks rolled out plans last week to try to shrink themselves back to health. Profits dropped by double digits from a year earlier at a number of them, including 44% at KeyCorp, 32% at Citizens Financial and 28% at Truist Financial.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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