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.
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 ...
The Bank of Nova Scotia received approval from the Federal Reserve on Thursday to increase its ownership stake in KeyCorp to up to 14.9%. Scotiabank, the third-largest Canadian bank by assets, is ...
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