KeyCorp net rises 8 percent on fee income growth

(Reuters) - NEW YORK, July 17 - KeyCorp , a large U.S. Midwest bank, on Tuesday said second-quarter profit rose 8 percent as an increase in fee income helped offset rising loan losses and declining lending margins.



Net income for the Cleveland-based company rose to $334 million, or 84 cents per share, from $308 million, or 75 cents, a year earlier.


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UPDATE 1-KeyCorp freed from special Fed oversight

(Reuters) - Cleveland-based KeyCorp in a U.S. Securities and Exchange
Commission filing said the Office of the Comptroller of the
Currency and the Federal Reserve Bank of Cleveland have ended
their special oversight of its KeyBank N.A. unit.




KeyCorp in October 2005 had agreed with the regulators to
strengthen its anti-money laundering controls, including those
related to its obligations under the Bank Secrecy Act.


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