KeyCorp CEO doubles down on share buybacks, rules out acquisitions

Core Viewpoint - KeyCorp, a U.S. regional lender, is opting not to pursue acquisitions despite ongoing consolidation in the banking industry and plans to utilize its excess capital for share buybacks [1] Group 1 - KeyCorp's CEO, Chris Gorman, stated that the company will not seek acquisitions [1] - The decision comes in the context of industry consolidation [1] - KeyCorp intends to use its excess capital primarily for share buybacks [1]