KeyBank remained focused on expense management and improving its technology to stay competitive in the third quarter. The Cleveland-based bank’s noninterest expense increased to $1.1 billion in the quarter, up by 0.4% year over year, driven by an increase of $12 million in tech spend, according to its quarterly earnings report. “Expense management remains
KeyBank ups tech spend by $12M
The KeyBank building stands in Columbus, Ohio, U.S., on Jan. 9, 2018. KeyCorp is scheduled to release earnings figures on January 18. Photographer: Ty Wright/Bloomberg