Word: keybank
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...domestic market. Over the past six years, Wells Fargo has opened 1 million accounts for Mexican nationals living in the U.S. by becoming the first bank to accept the Matricula Consular identification card that Mexican consulates in the U.S. began issuing after 9/11. A growing number of banks, including KeyBank and Union Bank of California, are also offering low-cost check cashing as a way to encourage people to convert to regular bank accounts. To reduce the risk of fraud, KeyBank also requires thumbprint...
...also good business. While traditional banks have struggled to attract the unbanked without outrageous charges, check cashers and payday loaners raked in an estimated $11 billion in fees from this $1 trillion economy. Cleveland-based KeyBank, for example, has attracted just 5,500 new customers in the past two years with its own check-cashing business, but has yet to make a profit from it. One problem is that people who have never had a bank account are distrustful of banks as a whole and feel unwelcome in institutions where they could not qualify for a checking account...
...bank, while Joyce got a job as a nurse in Britain, then in New York State. The couple met and married in Albany, N.Y., and finally settled in Springboro, Ohio, where Mervyn's banking career flourished. He worked his way up the ladder to become the president of KeyBank's Dayton office. Joyce worked at local hospitals and raised the children...
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