---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-277943"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2024-12-13T23:59:59+00:00"
generated_at: "2026-05-29T03:50:00.285238+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KeyCorp receives regulatory approval for Scotiabank's ~10% minority investment, expected to close in 2024

## Summary
- Federal Reserve approved Scotiabank's remaining ~10% stake; total investment now cleared.
- Initial 4.9% tranche was completed on August 30, 2024.
- Closing of the second tranche expected in 2024.
- CEO Chris Gorman says the investment creates additional capacity for growth.

## SEC filing metadata
- accession: 0001193125-24-277943
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000119312524277943/0001193125-24-277943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000119312524277943/d885391d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-277943
- JSON: https://secwatch.observer/filing/0001193125-24-277943.json
- Plain text: https://secwatch.observer/filing/0001193125-24-277943.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.