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Key looks to offload risk in deal with Blackstone

American Banker

The Cleveland-based regional bank is shedding credit risk in a partnership with the private equity giant Blackstone. It's the latest tie-up between asset managers and regional banks that are looking to free up balance-sheet capacity.

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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows.

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[Q&A Series] The Future of Healthcare: Momentum

Perficient

In this series, hear from two of Perficient’s healthcare thought leaders – Chief Strategist and General Manager of Healthcare, Juliet Silver , and General Manager of Digital Health Solutions, Paul Griffiths – as they discuss healthcare’s future. Cleveland Clinic saw 10 times the increase in volume from consumers.

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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. An analyst at Baird said the revelations were “unfortunate” but “manageable.”. Shares fell on the news. The event occurred in the beginning of Q3. KeyBank’s five-year, $16.5

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Afraid of Small Business Lending? Mid-Market Lenders Shouldn’t Be

FICO

Mid-market banks and credit unions traditionally lend to many small businesses. In fact, 75% of small businesses that are customers of small banks or credit unions are “highly satisfied” with their lending relationship, according to a survey at the Federal Reserve Bank of Cleveland. The post Afraid of Small Business Lending?

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CFPB representatives to be featured at 21st Annual PLI Consumer Financial Services Institute

CFPB Monitor

The 21 st Annual Consumer Financial Services Institute, sponsored by the Practicing Law Institute, will take place on April 4-5, 2016 in New York City (and by live webcast and groupcast in Cincinnati, Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA) and on May 12-13, 2016 in Chicago. Thompson, Managing Counsel, Office of Regulations.

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CFPB representatives confirmed for 21st Annual PLI Consumer Financial Services Institute Chicago session

CFPB Monitor

The New York City session was held on April 4-5, 2016 (with live webcasts and groupcasts in Cincinnati, Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA).). The CFPB panelists in Chicago will be: Jeffrey Langer, Assistant Director for Installment Lending and Collections Markets. Twohig, Assistant Director for Supervision Policy.

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