10:31 AM EST, 12/27/2024 (MT Newswires) -- KeyCorp ( KEY ) said Friday that the Bank of Nova Scotia ( BNS ) closed the purchase of about $2 billion of KeyCorp's ( KEY ) common shares.

Scotiabank now owns about a 15% stake in KeyCorp's ( KEY ) common stock, according to the financial services company.

KeyCorp ( KEY ) said the Federal Reserve approved the transaction on Dec. 12.

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