| First
Republic Searches For Savior But
KeyCorp Can't Get a Handout for
Disinvestment
by
Matthew Russell Lee, Patreon Book
Substack
FEDERAL
COURTHOUSE, April 26 – Key
Bank is in decline, in
consumer compliance and in
fair lending - and now, in
deposits and stock price.
Faring
worse, at least for now, is
First Republic. The talk is of
a bailout or forced sale. But
to whom?
With
the US bank regulators giving
away troubled banks, Silicon
Valley Bank to First Citizens,
and Signature Bank to NYCB, it
is imperative they know the
Key Bank cannot be given any
more branches, any more
communities to take advantage
of. Already, Key has
government contract to
distribute benefits, and
garnish wages.
Fair
Finance Watch, looking at Key
Bank's 2021 lending at first
in New York State, notes that
while Key Bank made 7916
mortgage loans to whites, with
1733 denials, it made only 266
loans to African Americans,
with fully 140
denial. It should
be sued by the Department of
Justice, and many others -
just ask NCRC.
Key Bank
is, Fair Finance Watch now
says, the Key to
Disinvestment. It is the
redlining bank.
Reporting from
and on the Federal courts,
Inner City Press has noticed a
slew of data breach cases
filed against KeyCorp, since
August 2022, now moving toward
a multi-district consolidation
- in February 2023 to the
Northern District of Georgia,
to the Honorable Steven D.
Grimberg.
In
amateur response, KeyBank on
February 7 bragged on the
for-pay CSR Wire about grants
it is giving out. But how do
they compare to the lending
promises Key made, and
broke? Watch this
site
***
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