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Keycorp(KEY-N)
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the globe and mail

Scotiabank closes first phase of investment in U.S. bank KeyCorp

The second phase of the investment includes the acquisition of the remaining 10% stake and is expected to close in fiscal 2025, subject to regulatory approval
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Scotiabank pays $2.8-billion for minority stake in U.S. regional bank KeyCorp
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Stocks Mostly Higher on Positive Corporate News
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Market movers: Stocks seeing action on Monday - and why
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Scotiabank to buy 14.9% stake in U.S. regional lender KeyCorp for $2.8-billion
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Profile

KeyCorp provides a wide range of products and services, like commercial & retail banking, commercial leasing, investment management, consumer finance and investment banking products across states. The company with its registered advisor & subsidiaries offer personal & corporate trust services, personal financial services, access to mutual funds, cash management services, investment banking & capital markets products as well as international banking services. It has 3 segments: Consumer Bank serves consumers and small to mid-sized businesses by offering a variety of deposit, investment, lending and wealth management products and services. Commercial Bank offers products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory and public finance. Other comprises of Corporate Treasury, Community Development, Principal Investing unit and an array of exit portfolios.

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