Scotiabank to acquire 14.9% stake in KeyCorp for approximately $2.8 billion

As part of its focus on North America, the Bank of Nova Scotia has agreed to buy a minority stake in KeyCorp, one of the U.S. regional banks hardest hit by last year’s turmoil, for about $2.8 billion. Scotiabank will buy Cleveland-based KeyCorp for $17.17 a share, giving it a 14.9% stake. This comes as the (…)