The earlier-than-expected green light will let the Canadian lender proceed to Phase 2 of its investment — a $2 billion infusion and the right to name two directors to the Cleveland bank’s board.

KeyCorp  announced today that all required regulatory approvals have been received for completion of The Bank of Nova Scotia's ("Scotiabank") strategic minority investment in Key as announced on ...

KeyCorp has already gotten $821 million from Scotiabank for a 4.9% stake in August and needed approval from the Fed for the remaining 10% valued at $2 billion. The banks will also pool their expertise ...

The Fed's approach runs counter to recent moves by the White House and the Federal Trade Commission to block the purchase of grocery chain Albertsons Cos. (ACI) by Kroger Co. (KR) and the acquisition ...

An extended stay in KeyBank Center put a huge dent in the Buffalo Sabres' season, so now they have no choice but to try to ...

The roughly $2 billion deal is the second banking investment or combination to which the central bank has given its blessing in as many days.

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The Bank of Nova Scotia can increase its stake in Ohio-based KeyCorp from 4.93% to as much as 14.99%, the US Federal Reserve ...

KeyCorp (KEY) announced that all required regulatory approvals have been received for completion of The Bank of Nova Scotia’s, or Scotiabank ...

Bank of Nova Scotia (NYSE: BNS), often just called Scotiabank, isn't particularly well known in the U.S., where it has only a ...

Bank Of Nova Scotia ( (TSE:BNS) ) has provided an announcement.

Scotiabank announced today that it has received regulatory approval from the Board of Governors of the Federal Reserve System for its approximately 10% additional investment (the "Additional ...