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KeyCorp Eyes Embedded Banking Expansion as Deposits Climb in Q4

  • KeyCorp reports growth in deposits in Q4, with overall average deposits reaching $149.7 billion.
  • The company notes growth in both consumer and commercial deposits, while credit card charge-offs were 4.5%.
  • KeyCorp sees growth opportunities in embedded banking offerings, including commercial payments-related revenues.
  • CEO Christopher Gorman expects non-performing loans to decline by midyear, assuming a constructive macro environment.

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