Comerica and KeyCorp, which operates under KeyBank, are among the nation's largest banks, according to industry data. Dallas-based Comerica is No. 31 in the nation, with $90 billion in assets, while Cleveland-based KeyCorp is 20th, with $192 billion.
The credit ratings agency maintained stable outlooks on Synovus and Truist, which are based in Columbus, Georgia, and Charlotte, North Carolina, respectively. Synovus, the 39th largest bank, has $60 billion in assets, while Truist is the seventh-largest bank with $546 billion.S&P said it reviewed these 10 banks because it believes they have"potential risks in multiple areas."
However, it added that the two banks it affirmed with stable outlooks, Synovus and Truist, had some factors that mitigated their risks. Experts say that while the downgrades underscore the increased risks facing some lenders, most depositors have nothing to worry about. The ratings cuts impact only a handful of the more than 2,000 banks in the U.S.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxBusiness - 🏆 458. / 53 Read more »