Activist Investors

KeyCorp Sides With HoldCo: Chooses Share Buybacks Over M&A But Leaves Governance in Question

Leave a Comment / Activist Investors, Capital Allocation, Corporate Governance, Mergers and Acquisitions, Regional Banking, Share Buybacks / By
Activist investor HoldCo Asset Management is pressuring KeyCorp to...

CEO Chris Gorman has embraced a moratorium on depository M&A, sign...

HoldCo is also demanding Gorman’s removal and changes to KeyCorp...

Management now targets a long-term RoTCE of 16–19% versus ~12.5%...
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