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Fed approves Scotiabank bid to acquire voting shares in KeyCorp

The U.S. Federal Reserve approved Scotiabank's $2.8 billion purchase of a stake in KeyCorp to enhance its focus on developed markets amid a strategic shift.

investing.com • 12/12/2024 - 22:11 PM

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Bank of Nova Scotia approved by fed to acquire up to 15% of KeyCorp shares

The Federal Reserve approves Bank of Nova Scotia's acquisition of up to 14.99% of KeyCorp, citing no competition concerns, and anticipates positive community impact and financial stability.

investing.com • 12/12/2024 - 21:43 PM

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Canada's Scotiabank misses profit estimates on higher taxes, expenses

Bank of Nova Scotia's quarterly profit missed estimates due to high expenses and taxes, while CEO Scott Thomson refocuses strategy on Canadian and North American markets.

investing.com • 03/12/2024 - 12:54 PM

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US Bank CEOs express confidence in deals, consumer finances

U.S. bank CEOs are optimistic about deal-making and consumer finances, anticipating a rise in loan demand and easing monetary policy benefits.

investing.com • 13/11/2024 - 20:57 PM

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Deteriorating office loans stress US regional banks' CRE portfolios

U.S. regional banks are facing increased non-performing loans in their commercial real estate portfolios due to remote work and looming loan maturities, despite potential rate cuts providing some relief.

investing.com • 29/10/2024 - 10:45 AM

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Analysis-Rate cuts to accelerate US banks' move to higher-yielding investments

U.S. banks are selling low-yield securities and investing in higher-yield ones as interest rates fall, improving profitability and liquidity amid ongoing Federal Reserve rate cuts.

investing.com • 24/10/2024 - 10:04 AM

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Analysis-Regional banks brace for tougher capital rules, get relief from Fed cuts

The Federal Reserve's rate cut aids U.S. regional banks by reducing bond losses and easing capital requirements amid upcoming earnings reports, improving their overall financial position.

investing.com • 09/10/2024 - 16:02 PM

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US lender KeyCorp sells nearly $7 billion of low-yield investments

KeyCorp sold $7 billion of low-yield investments, incurring a $700 million loss, as part of a strategy to enhance profitability amid low loan demand.

investing.com • 09/09/2024 - 12:39 PM

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