KeyCorp Financial News
13.12 / 17:01
KeyCorp
Scotiabank wins regulatory approval for second phase of KeyCorp investment
Bank of Nova Scotia says it has received regulatory approval to clear the way for the second phase of its investment in U.S. bank KeyCorp.
30.12 / 13:59
markets
KeyCorp
Scotiabank closes US$2.8-billion acquisition of KeyCorp stake
TORONTO — Bank of Nova Scotia says it has closed its two-part deal to buy a 14.9 per cent stake in U.S. bank KeyCorp for about US$2.8 billion.
06.11 / 18:37
UPS
wellness
Trade
President
KeyCorp
stage
cover
Here are the Canadian banks that could benefit from Trump's victory
The rise in share prices among banks in the United States on hopes that incoming president Donald Trump will deliver on his promise to lower taxes for corporations, enforce fewer regulations and focus more on reshoring could rub off on Canada’s biggest lenders as well, some analysts say.
30.08 / 18:24
markets
KeyCorp
Scotiabank closes first phase of investment in U.S. bank KeyCorp
TORONTO — Scotiabank says it has completed the first step in its investment in KeyCorp with the acquisition of a 4.9 per cent stake in the U.S. bank.
27.08 / 17:21
markets
Trade
KeyCorp
Latin
reports
rowing
Scotiabank topped profit estimates last quarter while BMO missed. Here’s why
Canada’s Bank of Montreal on Tuesday reported quarterly profit below analysts’ estimates, its sixth miss in a row, hurt by weakness in its U.S. retail segment and as the lender made bigger than expected provisions for potential bad loans.
15.08 / 16:58
markets
JPMorgan
Strategy
KeyCorp
Latin
International
Profiles
Scotiabank lands JPMorgan team for mortgage capital markets in Texas
Bank of Nova Scotia has recruited a team of seven from JPMorgan Chase & Co. in Texas to launch a new mortgage capital markets business in Houston.
12.08 / 19:43
markets
Strategy
economy
wellness
KeyCorp
stage
Latin
'Strong cultural fit' — Scotiabank to invest in U.S.-based KeyCorp as it refocuses direction
Bank of Nova Scotia has agreed to buy 14.9 per cent of Cleveland-based KeyCorp for about $3.9 billion as it looks to boost its focus on developed economies and strengthen its North American footprint.
12.08 / 13:25
Trade
KeyCorp
Scotiabank to buy almost 15% of U.S. regional bank KeyCorp for about $2.8 billion
Bank of Nova Scotia agreed to buy a minority stake in KeyCorp, which was among the U.S. regional banks hit hardest in last year’s tumult, for about US$2.8 billion as part of a focus on North America.
12.08 / 13:12
markets
COST
UPS
security
KeyCorp
Scotiabank eyes U.S. expansion with regional lender stake worth billions
Scotiabank has bought a minority stake in U.S. regional lender KeyCorp in an all-stock deal worth US$2.8 billion on Monday, as the Canadian bank pursues growth outside its saturated home market.
24.04 / 17:54
UPS
Citizens
JPMorgan
community
KeyCorp
Comerica
Main street banking model is being squeezed
Higher-for-longer interest rates are continuing to weigh on Main Street banks. Regional banks posted steep profit declines in the first quarter and predicted more pain ahead. The results underscore the uneven toll that two years of higher interest rates have taken on regional banks, which tend to have plain-vanilla businesses taking in deposits and making loans.
18.03 / 22:59
18.01 / 19:33
05.12 / 17:19
Manufacturing
economy
Bitcoin
KeyCorp
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reports
economic data
Stock market today: Wall Street hangs near its best level in 20 months following mixed economic data
Wall Street is hanging near its 20-month high after a mixed set of reports kept questions alive about whether the U.S. economy can pull off a perfect landing that kills high inflation and avoids a recession
23.10 / 11:41
COST
Booking
Citizens
pandemic
Shell
KeyCorp
Smaller Banks Look to Shrink Their Way Back to Health
Regional banks have shelled out more and more to depositors to get them to stick around. For many, that still hasn’t been enough. After an ugly third quarter, banks rolled out plans last week to try to shrink themselves back to health.
11.10 / 16:45
15.09 / 13:45
15.09 / 13:43
13.09 / 15:51
25.08 / 02:11
22.08 / 16:53
COST
Citi
Reuters
Action
Moodys
KeyCorp
Comerica
S&P downgrades these US banks on funding risk, weak profitability; check details
real estate sector as expected to put lenders' creditworthiness to the test, reported Reuters. Banks have been forced to pay out higher interest rates in order to prevent depositors from running away to other high-yielding options due to the US Federal Reserve's unrelenting campaign of rate hikes.
22.08 / 12:39
COST
Citi
Action
Moodys
KeyCorp
Comerica
S&P downgrades multiple US banks on growing liquidity worries
(Reuters) -S&P Global cut its credit ratings and outlook on multiple U.S. regional banks on Monday, saying higher funding costs and troubles in the commercial real estate (CRE) sector would likely test their credit strength.
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