Keycorp CEO Chris Gorman says clients are optimistic despite tariffs uncertainty
ReutersFeb 11, 2025 2:02 PM
NEW YORK, Feb 11 (Reuters) - Keycorp CEO Chris Gorman said the bank's clients remain optimistic, despite the uncertainty created by new import tariffs.
"I do think tariffs are inflationary, and create some uncertainty", Gorman said during a financial services conference on Tuesday.
But Gorman added that the tariffs currently in place are similar to the ones the U.S. has already adopted before and "lived through". The Keycorp CEO said a survey with clients showed that many are optimistic and 62% expect to work on strategic M&A over the next year.
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