"I'm suddenly liking being a regional bank," said KeyCorp CEO Beth Mooney. "We don't have some of the complexities in our business model that Dodd-Frank is trying to regulate."
"Mooney said regional banks may have the ultimate advantage going forward, given many of the rigors large and small banks face to comply with the Dodd-Frank Act," writes American Banker's Paul Davis.
Her comments on Dodd-Frank came up during an event held by an honor society for business school graduates, at which she also argued that large banks shouldn’t be broken up purely on the basis of size, saying "big is not bad."
She'd rather compete with the big banks than join in on calls to break them up. The legislation "has created a different playing field," she said. "My reaction is let's suit up and get on with the game."
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