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.

Scotiabank says it has received regulatory approval for the second phase of its investment in U.S. bank KeyCorp. The big ...

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.

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 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 ...

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 ...

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 ...

The U.S. Federal Reserve approved an application by Scotiabank (TSX:BNS) to buy up to 14.99 per cent of the voting shares in regional lender KeyCorp (NYSE:KEY) ・The approval marks the completion of ...