Fed approves Scotiabank bid to acquire voting shares in KeyCorp

Fed approves Scotiabank bid to acquire voting shares in KeyCorp - statement

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Fed approves Scotiabank bid to acquire voting shares in KeyCorp - statement

Dec 12, 2024 2:10 PM

WASHINGTON, Dec 12 (Reuters) - The U.S. Federal Reserve

announced Thursday it had approved an application by Scotiabank

to buy up to 14.99% of the voting shares in U.S. regional lender

KeyCorp ( KEY ).

The Canadian lender announced the $2.8 billion deal in

August, which would also allow it to appoint two directors to

the Ohio lender's board.

Previous page： Freeport-McMoRan Q4 Adjusted Earnings Rise, Revenue Falls Next page： Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Freeport-McMoRan Q4 Adjusted Earnings Rise, Revenue Falls

Jan 23, 2025

08:10 AM EST, 01/23/2025 (MT Newswires) -- Freeport-McMoRan ( FCX ) reported Q4 adjusted earnings Thursday of $0.31 per share, up from $0.27 a year earlier. Analysts polled by FactSet expected $0.22. Revenue for the quarter ended Dec. 31 was $5.72 billion, compared with $5.91 billion a year earlier. Analysts surveyed by FactSet expected $5.84 billion. Freeport-McMoRan ( FCX )...

Cholula maker McCormick forecasts tepid annual sales, profit on slowing demand, rising expenses

Jan 23, 2025

(Reuters) - Cholula hot sauce maker McCormick ( MKC ) forecast annual sales and profit below analysts' estimates on Thursday, hurt by a persistent slump in demand for its spices and condiments, especially in China, as well as higher marketing expenses. Packaged food companies including McCormick ( MKC ), General Mills ( GIS ) and Conagra Brands ( CAG )...

BRIEF-Novabay Pharmaceuticals Completes The Sale Of Its Eyecare Business To Prn

Jan 23, 2025

Jan 23 (Reuters) - NovaBay Pharmaceuticals Inc ( NBY ): * NOVABAY PHARMACEUTICALS COMPLETES THE SALE OF ITS EYECARE BUSINESS TO PRN AND FURTHER ADJOURNS ITS SPECIAL MEETING OF STOCKHOLDERS ON DISSOLUTION PROPOSAL Source text: Further company coverage: ...

Eloro Resources Reports Latest Drill Results From Iska Iska Project in Bolivia

Jan 23, 2025

08:12 AM EST, 01/23/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) reported Thursday further assays from its definition diamond drilling program in the potential Santa Barbara starter pit area within the Iska Iska silver-tin polymetallic project in Bolivia. Results include 33 meters grading 1.39% tin within 87 meters grading 0.74% tin as the company opened up a major tin...