As rates rose, KeyBank unwound 94% of pay-fixed swaps

Sale of AFS hedges left book exposed throughout late 2022, much as at ill-fated SVB

Related Keywords

,Silicon Valley Bank ,Keycorp ,Ohio Based Keybank ,Capital One ,Charles Schwab ,Jp Morgan ,Morgan Stanley ,State Street ,Bny Mellon ,Pnc Bank ,Us Bancorp ,Goldman Sachs ,Bank Of America ,Wells Fargo ,Citi ,Northern Trust ,Blackrock ,Citizens Financial Group ,First Citizens Bank ,First Republic Bank ,Ally Financial ,Fifth Third Bank ,Comerica ,M Ampt Bank ,American Express ,Nited States Us ,Interest Rate Risk ,Nterest Rate Swaps ,Swaps ,Interest Rate Volatility ,Isk Quantum ,Banks ,