KeyBank grants top execs $16.7M in equity awards after Scotia deal
1 day ago · KeyBank CEO Chris Gorman would receive $7.57 million if the bank were to reach certain regulatory capital requirements, earnings-per-share goals and common equity tier 1 figures in 2025 and 2026, the bank stated last week. The awards come in connection with the $2.8 billion investment Scotiabank made in the Cleveland-based lender.
KEYCORP AND SCOTIABANK COMPLETE STRATEGIC MINORITY …
KeyCorp (NYSE: KEY) today announced that The Bank of Nova Scotia ("Scotiabank") has completed its purchase of KeyCorp's common stock with an investment of approximately $2.0 billion, as expected. With this investment, Scotiabank (TSX: BNS) (NYSE: BNS) now owns approximately 14.9% of KeyCorp's common stock. The parties received Federal Reserve approval for the transaction on December 12, 2024.
KeyCorp-Scotiabank Deal Closes, to Support KEY's NII Expansion …
Dec 30, 2024 · KeyCorp KEY has announced the completion of The Bank of Nova Scotia’s (also known as Scotiabank) BNS remaining 10% investment in its equity for $2 billion. The companies received approval from ...
Scotiabank gets Fed’s approval to take bigger KeyBank stake
Dec 13, 2024 · The Federal Reserve has approved Scotiabank’s application to acquire up to 14.99% of Cleveland-based KeyBank, the central bank announced Thursday. The approval means the Canadian lender can proceed with the second phase of its $2.8 billion investment in KeyBank, announced in August.
Scotiabank announces agreement to acquire 14.9% equity …
Aug 12, 2024 · Scotiabank announced today that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp through an issuance of common shares at a price of $17.17 per...
KeyCorp Receives Strategic Minority Investment from Scotiabank
Aug 12, 2024 · Scotiabank will purchase approximately 163 million shares of KeyCorp's common stock in two tranches: an initial investment of $0.8 billion, after which Scotiabank will own 4.9% of KeyCorp's common stock, will occur upon expiration of the antitrust waiting period under the Hart-Scott-Rodino (HSR) Act, followed by an additional investment of $2.0 ...
Scotiabank announces agreement to acquire 14.9% equity …
Aug 12, 2024 · Scotiabank announced today that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp through an issuance of common shares at a price of $17.17 per...
KeyCorp Receives Strategic Minority Investment from Scotiabank
Aug 12, 2024 · Scotiabank will purchase approximately 163 million shares of KeyCorp's common stock in two tranches: an initial investment of $0.8 billion, after which Scotiabank will own 4.9% of KeyCorp's...
KEYCORP AND SCOTIABANK COMPLETE STRATEGIC MINORITY …
Dec 27, 2024 · News provided by KeyCorp Dec 27, 2024, 10:20 ET. Share this article. Share to X. Share this article. Share to X ... KeyBank is Member FDIC. About Scotiabank
KeyBank CFO eyes opportunities through Scotia deal
Sep 16, 2024 · The two banks are exploring potential partnership opportunities – and their geographic footprints might allow a jumping-off point, KeyBank CFO Clark Khayat said last week at a conference.