KeyCorp CEO Gorman to receive $7.5M bonus after Scotiabank investment
Chris Gorman and four other high-ranking KeyCorp executives have been granted a combined $16.7 million in performance-based equity awards that will vest in two years, as long as the Cleveland-based company meets certain capital requirements and earnings goals.
Scotiabank to take $980 million charge on Colombia unit transfer
As part of the transaction, Scotiabank will take a 20% ownership stake in Davivienda, Colombia's third-largest bank, which has operations in Costa Rica, El Salvador, Honduras, Panama and Miami.
CashCall ordered to pay $134 million in a win for the CFPB
An appeals court ruled that online lender CashCall had waived its right to a jury trial and that its other challenges "lack merit," in a lawsuit filed by the Consumer Financial Protection Bureau in 2013.
Amerant unloads mortgage portfolio at loss
Florida-based Amerant Bancorp recently restructured its securities portfolio after selling its Houston branches.