Scotiabank has received regulatory approval from the Federal Reserve System for its planned approximately 10% additional investment in KeyCorp, with the transaction expected to close in 2024. This follows the completion of an initial 4.9% investment on August 30, 2024, part of a broader agreement announced on August 12 to acquire a total 14.9% pro-forma ownership stake.The bank, with assets of approximately $1.4 trillion as of October 31, 2024, is executing this investment as part of its strategic growth initiatives. Scotiabank ranks among North America's largest banks by assets and maintains listings on both the Toronto Stock Exchange and New York Stock Exchange.

Scotiabank has received regulatory approval from the Federal Reserve System for its planned approximately 10% additional investment in KeyCorp, with the transaction expected to close in 2024. This follows the completion of an initial 4.9% investment on August 30, 2024, part of a broader agreement announced on August 12 to acquire a total 14.9% pro-forma ownership stake.The bank, with assets of approximately $1.4 trillion as of October 31, 2024, is executing this investment as part of its strategic growth initiatives. Scotiabank ranks among North America's largest banks by assets and maintains listings on both the Toronto Stock Exchange and New York Stock Exchange.