U.S. Bank, KeyBank may be next on the WhatsApp hit list

November 6, 2023

Via: Banking Dive

U.S. Bank and KeyBank could be among the next round of financial institutions to be hit with penalties from regulators’ ongoing probes into employees’ use of WhatsApp and other messaging platforms to conduct official business, according to the banks’ most […]

Activity, Regulations, Retail Banking

KeyBank misled investors on liquidity, lawsuit claims

August 8, 2023

Via: Banking Dive

A shareholder sued KeyBank on Friday, claiming the Cleveland-based lender misled investors about its liquidity when it revised its projection for net interest income this year. The bank adjusted its NII estimate to a range of 1% to 4% — […]

Activity, Retail Banking

KeyBank to cut overdraft charge to $20, eliminate NSF fees

April 29, 2022

Via: Banking Dive

KeyBank previewed its policy changes at its investor day in March, and signaled it is working on a handful of other offerings for future rollout, including early wage access (two days ahead of payday with direct deposit), instant access to […]

Activity, Corporate Banking

BofML, Citi, Others Provide New $325MM Revolver for Vivint Solar

August 8, 2019

Via: ABF Journal

Vivint Solar closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020 The new warehouse reduces the cost of debt by 87.5 basis points and materially increases the amount of […]

Capital and Risk, Credit

JPMorgan Chase Agents $125MM ABL Facility for CSS Industries

March 8, 2019

Via: ABF Journal

CSS Industries, a consumer products company serving the craft, gift and seasonal markets, entered into a new $125 million asset-based senior secured credit facility with JPMorgan Chase Bank acting as administrative agent. Bank of America and KeyBank also participated in […]

Capital and Risk, Credit

Wells Fargo Agents TeleTech Facility Upsize to to $1.2B

November 3, 2017

Via: ABF Journal

TeleTech Holdings amended its revolving line of credit by exercising its accordion feature to increase the total commitments by $300 million to $1.2 billion. The credit facility will provide TeleTech with increased financial capacity and flexibility to support growth-oriented investments, […]