Scotiabank Completes US$2.8-Billion Acquisition of 14.9% Stake in KeyCorp

Dec 27, 2024
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Scotiabank has finalized its US$2.8-billion acquisition of a 14.9% stake in U.S. bank KeyCorp, marking the completion of the second part of the deal. The move aligns with Scotiabank's strategy to invest in the U.S. market, following approval from the U.S. Federal Reserve.