KeyCorp executive buys up stock amid regional-bank selloff

KeyCorp shares have fallen 17% over the past week amid pressure on regional-banking names, and they’ve shed nearly half of their value so far this year. The recent selloff has prompted one executive to buy up shares on the decline.

Andrew “Randy” Paine, who heads institutional banking at the Cleveland-based financial-services company, scooped up 75,000 shares of KeyCorp KEY on the open market Wednesday, paying an average price of $9.78 apiece, according to a Thursday filing with the Securities and Exchange Commission. He…

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