Bloomberg News reports that Stifel Financial is in negotiations to buy the business from Barclays, Reuters reported May 29, citing three people familiar with the matter that it didn’t name. A purchase would make sense for Stifel, which has expanded through a series of acquisitions, the analysts said Monday in a report.
'Such a deal would be right up CEO Ron Kruszewski’s playbook – buying a troubled franchise from a motivated seller', the analysts led by Christian Bolu wrote. 'Strategically, the deal would round out Stifel’s wealth-management offering'.
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