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[ Sun, Dec 15th 2024 ]: The Straits Times
Temasek Trust chair Ho Ching, OCBC chief Helen Wong among 3 S'pore women in Forbes power list
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These are the fastest-growing 50 firms in Wales
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SC offers mortgage loans below 6%, increases down payment money for potential home buyers (copy)
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What's new for Medicare in 2025?
[ Sun, Dec 15th 2024 ]: Reuters
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Are Rivian's EVs Becoming a Jekyll-and-Hyde Story? Here's What You Need to Know.
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South Korea's acting president moves to reassure allies, calm markets after impeachment
[ Sun, Dec 15th 2024 ]: Business Standard
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Rayner sets businesses and unions on collision course over sick pay reforms
[ Sun, Dec 15th 2024 ]: Business Times
South Korea's central bank vows to stabilise markets amid political turmoil
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Fed's review of KeyCorp deal signals lighter touch on bank mergers by central bank

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ghter-touch-on-bank-mergers-by-central-bank.html
  Print publication without navigation Published in Business and Finance on by MarketWatch
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Analyst hails Fed's quicker-than-expected approval of an investment in KeyCorp by the Bank of Nova Scotia as a good sign for more dealmaking.

The Federal Reserve has approved KeyCorp's acquisition of a $2 billion cash infusion from Scotiabank earlier than anticipated, leading to a positive movement in KeyCorp's stock price. This approval allows KeyCorp to bolster its balance sheet with the capital injection, which was part of a deal announced in July where Scotiabank agreed to sell its 100% stake in KeyCorp's Series I preferred stock. The transaction not only strengthens KeyCorp's financial position but also reflects the regulatory bodies' confidence in KeyCorp's strategic direction. Following the news, KeyCorp's shares experienced an uptick, signaling investor approval of the move.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/fed-clears-keycorps-2-billion-cash-infusion-from-scotiabank-earlier-than-expected-and-its-stock-is-up-4bd79f44 ]

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