KEYCORP AND SCOTIABANK RECEIVE REGULATORY APPROVAL TO COMPLETE STRATEGIC MINORITY INVESTMENT

CLEVELAND, Dec. 13, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today 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, 2024.   The Board of Governors of the Federal Reserve System (the "Federal Reserve") approved the approximately 10% remaining investment by Scotiabank, which is expected to close in 2024.  The initial investment of 4.9% was completed on August 30, 2024. ...