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Regional Banks’ Recovery Mirrors Local Economies

BY MATTHIAS RIEKER

KeyCorp and Regions Financial Corp., in reporting mixed earnings results Tuesday, illustrated how different parts of the country’s economy affected banks’ recovery from the financial crisis.

Both banks continued to report a reduction in total assets, a drop in revenue and a decline in the profit margin in the lending business. Both reported fewer delinquent loans. And both reported strong demand from corporate customers for new loans.

Cleveland-based KeyCorp, however, managed to make more new loans than did Birmingham, Ala.-based Regions—and it expects loan growth to continue as it gains new customers and European banks retrench in the U.S. Commercial …


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