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KeyBank, Scotiabank and federal reserve
Fed approves Scotiabank to take KeyBank stake
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.
Federal regulators approve $2.8B KeyBank deal
With the Federal Reserve's approval one of Canada's largest bank may move forward with its plans with KeyBank.
Scotiabank gets Fed approval to acquire bigger stake in KeyCorp
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 said on Thursday. Scotiabank does not currently control a US commercial bank, and the two companies do not compete directly in any retail banking market, according to the central bank.
11h
on MSN
Fed clears KeyCorp’s $2 billion cash infusion from Scotiabank earlier than expected and its stock is up
Analyst hails Fed’s quicker-than-expected OK of the investment in KeyCorp from Bank of Nova Scotia as a good sign for more deal-making ...
15h
1 Magnificent High-Yield Bank Stock Stock Down 25% to Buy and Hold Forever
Bank of Nova Scotia (NYSE: BNS), often just called Scotiabank, isn't particularly well known in the U.S., where it has only a ...
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