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 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 ...

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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 ...

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 ...

For the week, the Dow is heading for a 1.6% decline, while the S&P 500 is on pace for slide of 0.5%. The latter is on pace to end a three-week winning streak. The NASDAQ has outperformed, on track for ...

For the week, the Dow is heading for a 1.6% decline, while the S&P 500 is on pace for slide of 0.7%. The latter is on pace to end a three-week winning streak. The NASDAQ is on track for a 0.03% loss ...