Frankfurt-based Commerzbank has made an alliance with $72 billion-asset KeyCorp, to sell international banking services to Key's U.S. business clients doing business in Eastern Europe, the Russian Federation, and central Asian countries.

KeyCorp said in a statement that the agreement will help provide cash management and trade-related and consultative services to corporate clients from the Midwest, Northwest, and Northeast markets. Commerzbank will also help Key's clients who are establishing a presence or operating in those countries, via its own network in Eastern Europe and the Russian Federation.

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