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Associated Press
13 hours ago
- Business
- Associated Press
KeyBank Recognized as One of the 50 Most Community-Minded Employers in the Greater Philadelphia Region
PLYMOUTH MEETING, PA, June 27, 2025 /3BL/ – KeyBank has been named a 2025 honoree of the Civic 50 Greater Philadelphia by the Chamber of Commerce for Greater Philadelphia (the Chamber), in partnership with globally recognized nonprofit Points of Light, lead partner the Philadelphia Foundation, and other local partners. Modeled after Points of Light's national program, the Civic 50 Greater Philadelphia measures and recognizes civic-minded companies using their time, talent, and resources to drive social impact within their organizations and communities – setting the standard for civic engagement in the region. 'At KeyBank, we believe that being a good corporate citizen means showing up for our communities with purpose and consistency,' said KeyBank Eastern Pennsylvania Market President Youseff Tannous. 'We are honored to be recognized as one of the Civic 50 Greater Philadelphia honorees. This distinction reflects the deep commitment of our teammates who invest their time, talents and resources to help our neighborhoods thrive. It's a proud moment for all of us at KeyBank to be acknowledged for doing what we believe in—making a meaningful difference where we live and work.' The 2025 Civic 50 Greater Philadelphia honorees represent private and public companies, as well as nonprofits, agencies, and institutions (e.g., hospitals and universities) of more than 10 employees operating in the 11-county Greater Philadelphia region. They have been selected based on four dimensions of their community engagement program: Since 2011, the national Civic 50 has provided a national standard for superior corporate citizenship and has showcased how companies drive social impact in their business and within the community. 'The Chamber is proud to recognize KeyBank as a 2025 honoree of the Civic 50 Greater Philadelphia,' said Chellie Cameron, President and Chief Executive Officer of the Chamber. 'Each of this year's honorees are valued members of Greater Philadelphia's business community, exemplifying what it means to be a positive corporate citizen and demonstrating the power of service. We thank KeyBank for their efforts to drive impact and congratulate them on this tremendous achievement.' In keeping with the Chamber's efforts to drive regional impact and achieve its vision, it also serves as home to the Greater Philadelphia Corporate Volunteer Network (GPCVN), a community of diverse businesses committed to giving back to their communities. The Civic 50 Greater Philadelphia honorees were officially recognized on Thursday, June 26, 2025, at an Honoree Reveal Celebration hosted at the Cira Centre. The Civic 50 Greater Philadelphia Self-Assessment is administered by True Impact, a company specializing in helping organizations maximize and measure their social and business value, and consists of quantitative and multiple-choice questions that inform the scoring process. To learn more about the Civic 50 Greater Philadelphia and its honorees, please visit About Keycorp In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2025. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit KeyBank Member FDIC. About the Chamber of Commerce for Greater Philadelphia The Chamber of Commerce for Greater Philadelphia works together with members, investors, and stakeholders, to realize our bold vision: Greater Philadelphia is a top global destination for business and a leader in inclusive growth. As the metro-regional chamber of commerce serving the 11-county, tri-state Greater Philadelphia region, we are the premier organization to convene and connect business, government, and civic leaders to drive economic growth and prosperity for all. Learn more at About Points of Light Points of Light is a nonpartisan, global nonprofit organization that inspires, equips, and mobilizes millions of people to create positive change through volunteering and civic engagement. Through work with nonprofits, companies and social impact leaders, the organization galvanizes volunteers to meet critical needs in communities. As the world's largest organization dedicated to increasing volunteer service, Points of Light engages more than 3.8 million volunteers across 32 countries. For more information, visit Partners for Greater Philadelphia Civic 50 Regional partners with the Chamber of Commerce for Greater Philadelphia on the Civic 50 Greater Philadelphia are the Philadelphia Foundation (lead partner), Greater Philadelphia Corporate Volunteer Network, Philanthropy Network, and True Impact (National Partner). ### Visit 3BL Media to see more multimedia and stories from KeyBank
Reuters
3 days ago
- Business
- Reuters
Fed in wait and see mode amid tariff uncertainty, Kashkari says
June 24 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said that while recent inflation readings suggest disinflation is underway, the central bank is taking its time to get more clarity on whether tariffs will change that, and by how much. "The Federal Reserve has basically been in wait and see mode, saying we need to get more clarity on how this is all playing out in the economy before we are confident on what tariffs are going to do to inflation," Kashkari told the La Crosse, Wisconsin Area Chamber of Commerce. "We've been taking our time to try to get a sense of what's really going on before we make any dramatic changes in our policy outlook." The Fed last week held short-term borrowing costs in the 4.25%-4.50% range since December, even as a majority of Fed policymakers signaled they expect to cut rates later this year. Kashkari was not asked for, nor did he volunteer, his views on when the Fed could cut interest rates. He could imagine, he said, that the Fed could cut rates even while inflation is still above the Fed's 2% goal "if the labor market were to deteriorate very quickly or dramatically." But while that is a plausible scenario, that is not his forecast, he said. "The fundamentals of the U.S. economy appear to be quite strong right now, quite quite sound, and inflation appears to be heading back down to our target," Kashkari said, citing recent inflation readings that show underlying inflation is running around 2.5%. The Fed's target is 2%. But, he said, "there's nervousness about tariffs" that is prompting some businesses to put investments on hold, and feeding worries about higher inflation. With trade negotiations currently underway, he said, "ultimately we need to see what actually happens and then adjust our analysis of the economy."
New York Times
4 days ago
- Business
- New York Times
Quote of the Day: Iran Suggests Everything Is Normal, but Nothing Is
'We are not supposed to be at war forever.' HAMID HOSSEINI, a member of Iran's Chamber of Commerce energy committee. The mood inside Tehran's government is one of defeat and humiliation, even as officials publicly try to project a sense of normalcy.
Arabian Business
5 days ago
- Business
- Arabian Business
India and Pakistan lead new business registrations with Dubai Chamber in Q1
Indian-owned companies were the leading foreign group to join the Dubai Chamber of Commerce during the first quarter of 2025, according to a new report. There were 4,543 new Indian businesses registered between January and March of this year, the report said. The figure marks a 4.4 per cent year-over-year increase, highlighting India's dominant position as Dubai's largest foreign business community. The analysis reflects the ongoing strength of international business activity in Dubai and the emirate's appeal to global entrepreneurs across diverse sectors. Top 10 nationalities of new Dubai Chamber members in Q1 2025 India: 4,543 companies (+4.4 per cent YoY) Pakistan: 2,154 companies Egypt: 1,362 companies Bangladesh: 817 companies (+28.5 per cent YoY) United Kingdom: 678 companies Syria: 462 companies Jordan: 350 companies China: 347 companies Türkiye: 329 companies Iraq: 303 companies The wholesale and retail trade sector led the growth, accounting for 36.2 per cent of new company registrations. This was followed closely by:
Khaleej Times
5 days ago
- Business
- Khaleej Times
Indian businesses top list of new companies joining Dubai Chamber of Commerce during Q1
A new analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian-owned businesses topped the list of non-Emirati companies joining the chamber in Q1 2025. A total of 4,543 new members from India joined during the three-month period, representing year-over-year (YoY) growth of 4.4% and underlining the vital economic role played by Indian companies as Dubai's largest foreign business community. Pakistan followed in second place, with 2,154 new companies registering as members of the chamber during the first quarter of the year. 1,362 new Egyptian companies joined the chamber, placing the country third among the top nationalities of new member companies. The number of new companies from Bangladesh achieved significant year-over-year growth of 28.5%, with 817 new companies registering as members of the chamber. The United Kingdom ranked fifth with 678 new companies, while Syria secured sixth place on the list with 462 new member companies. Companies from Jordan claimed the seventh spot, with 350 new companies joining the chamber's membership. China ranked eighth on the list, with 347 new Chinese companies registering as members of the chamber. Türkiye secured the ninth spot with 329 new members, while Iraq came tenth with 303 new companies. In terms of the sectoral distribution of new member companies joining the chamber during Q1 2025, the wholesale and retail trade sector ranked first, accounting for 36.2% of new registrations. The real estate, renting, and business services sector came in second place, representing 35.4% of the total. This was followed by the construction sector in third place at 16.7%, and the social and personal services sector, which ranked fourth with 7.7%. The transport, storage, and communications sector secured fifth place on the list with 7.5%.
