KeyBank spent $30,000 in fourth quarter lobbying federal government

KeyBank spent $30,000 lobbying government in 4Q

CHARLOTTE, N.C. — KeyBank, a unit of KeyCorp, spent $30,000 in the fourth quarter to lobby on financial regulatory reform and other issues, according to a recent disclosure report.

That’s up slightly from the $20,000 it spent in the year-ago period during the height of the financial crisis and even with the $30,000 it spent in the 2009 third quarter.

The Cleveland-based bank has been under the government’s watchful eye, ever since it has received $2.5 billion from the $700 billion bank rescue program during the credit crisis in 2008.

KeyBank also lobbied on issues such as derivatives reform.

In the October-December period, the company only lobbied Congress, according to the report filed Jan. 12 with the House clerk’s office.

The Obama administration has proposed a series of measures to tighten the reins on financial institutions in hopes of preventing a recurrence of the crisis that struck both Wall Street and Washington in the fall of 2008.