Stifel Financial buying rival Sterne Agee in latest deal

Stifel Financial Corp. is buying rival financial services firm Sterne Agee for $150 million, boosting its presence in money management and fixed income. It’s the latest move by Stifel, whose other large purchases include the investment advisory unit of Legg Mason last year, the investment bank KBW in 2013 and Thomas … Read entire story.

Source: Personal Finance News