By Michele Maatouk
Date: Monday 12 Aug 2024
(Sharecast News) - KeyCorp rallied on Monday after Canada's Scotiabank agreed to invest $2.8bn in the US regional lender.
The investment represents around 14.9% pro forma common stock ownership for $17.17 per share.
The minority investment is expected to increase KeyCorp's June 30, 2024, CET1 capital ratio by 195 basis...
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