KeyCorp Bid for First Niagara Faces Scrutiny Over Bias Probe

  • DOJ said to review First Niagara’s minority loan practices
  • U.S. regulators weighing KeyCorp deal ask about investigation

KeyCorp’s $4.1 billion bid to buy First Niagara Financial Group Inc. is facing scrutiny over a U.S. investigation into First Niagara’s minority-lending practices, according to two people familiar with the matter.

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