Cleveland-based Keycorp has opened a Hong Kong-based financial subsidiary, becoming the latest regional bank to expand its global trade finance operations.

The new unit, Key Trade Services Ltd., will issue documentary letters of credit for Hong Kong-based suppliers of the bank's customers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.