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.

The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting ...

Analyst hails Fed’s quicker-than-expected approval of an investment in KeyCorp by the Bank of Nova Scotia as a good sign for ...

Citi analyst Keith Horowitz reiterated a neutral rating on KeyCorp and said he expects the bank to boost its net interest income once the capital infusion from Scotiabank closes. KeyCorp will also get ...

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 ...

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

KeyCorp announced 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 August 12, ...

Bank of Nova Scotia received regulatory approval for the second part of its investment in KeyCorp, bringing its total stake in the U.S.-based financial services company to 14.9%.

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

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

The Bank of Nova Scotia (BNS) (BNS:CA) announced on Friday the receipt of regulatory approval for ~10% additional investment ...

The Canadian dollar ditched 0.09 cents to 70.24 cents U.S. In corporate news, the U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting ...