The Bank of Nova Scotia (also known as Scotiabank) (BNS) has completed the first tranche of strategic minority investment in KeyCorp (KEY) . With an investment of 0.8 billion, BNS now holds approximately 4.9% stake in KeyCorp. This is part of the agreement announced on Aug. 12. Under it, Scotiabank will acquire roughly a 14.9% stake (in two tranches) in KeyCorp for a fixed price of $17.17 per share. The second part of the deal involves BNS making an additional $2 billion of investment, expected to close in ...