Interest Rate Volatility Risk: Changes in benchmark interest rates can significantly impact KeyCorp's net interest margin, affecting profitability as the cost of funds or yield on assets shifts unexpectedly.

Credit Quality Deterioration Risk: An economic recession or industry-specific downturn could lead to increased loan defaults across its commercial and consumer portfolios, resulting in higher loan loss provisions and reduced earnings.

Regulatory and Compliance Burden Risk: Evolving banking regulations, increased scrutiny from supervisory bodies, or potential enforcement actions could lead to higher operational costs, capital requirements, or restrictions on business activities.