A hefty investment from ScotiaBank has allowed KeyBank to ditch dead weight on its balance sheet, positioning Key to earn an additional $40 million per quarter, according to CEO Christopher Gorman.

CLEVELAND, Ohio — Canadian Scotiabank will buy $2.8 billion worth of KeyCorp stock from the company, giving it close to a 15% stake in KeyBank’s parent.

Scotiabank has agreed to take a 14.9% stake in KeyCorp for roughly $2.8 billion, the Cleveland-based bank announced Monday. The Canadian lender will purchase about 163 million shares of KeyCorp ...

Scotiabank announced that it has agreed to take a 14.9 percent stake in the Cleveland-based KeyCorp for roughly $2.8 billion. ... A KeyBank spokesperson declined to comment Thursday.

KeyBank (NYSE:KEY) is among today’s biggest movers, with KEY stock surging by as much as 14% this morning. This is in response to news that Canadian lender Bank of Nova Scotia (NYSE:BNS), also ...

While Scotiabank will soon own 14.9% of KeyCorp, ... KeyBank is also using some of the capital to strengthen its balance sheet, in a move that will boost its earnings potential.

KeyBank's chairman and CEO sees a more-favorable climate emerging for business consolidations. Skip to main content Skip to main content ... Scotiabank investment: Scotiabank, ...

The lender will pay US$2.8-billion in cash for a 14.9-per-cent ownership stake in Cleveland-based KeyCorp KEY-N, which operates roughly 1,000 branches across 15 states under the name KeyBank ...

KeyBank, based in Cleveland, ... KeyBank is poised for overall growth through Scotiabank’s $2.8 billion investment in the bank’s holding company, KeyCorp.

In prior filings, the parent company of KeyBank stated that these bonuses are designed to “increase long-term company stock ownership levels by the executives and retain the talent the company needs ...

Cleveland-based KeyCorp is the parent company of KeyBank. Five of KeyCorp’s top executives are slated to receive sizable one-time stock bonuses totaling a combined $16.7 million following the ...

KeyCorp agrees to $2.8 billion investment from Scotiabank. ... KeyBank reports 1,000 job losses as annual net income drops $950M. With shares down nearly 50%, KeyBank CEO stays the course ...