KeyCorp shares closed Wednesday up 1.5% after taking an over 7% drop the day before.
The Federal Reserve is raising to $100 billion the amount of combined assets that would trigger a systemic risk review of proposed bank mergers.
Mike Mayo, who has pestered CEOs of banks like Citigroup and Comerica for decades, lost his job Monday in a restructuring of his firm. He promises he's not going away.
Dismantling of the merger may have more to do with an activist hedge fund's agitation than regulatory concerns. Expect the Fed to OK mid-sized bank deals in the coming months