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KeyCorp's deal for student lender raises eyebrows

Jan 18, 2019 - American Banker
Financial Results

KeyCorp'sdecision to acquire a 5-year-old online student lender, announced late Wednesday, is not sitting real too with analysts and investors.

Though the company on Thursday reported record revenue for 2018 and announced plans to reduce overhead by cutting more branches, analysts who joined a conference call to discuss Key's fourth-quarter results mostly wanted to talk about Key's planned acquisition of the digital lending platform of Laurel Road Bank in Darien, Conn.

Erika Najarian...