June 27, 2016 BY LeapRate Staff
INTL FCStone acquires Clearing and Wealth Management businesses from Stifel Financial's Sterne Agee LLC
Commodities and Forex broker INTL FCStone Inc (NASDAQ:INTL) has announced that it has signed a definitive agreement with Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp (NYSE:SF), to acquire Sterne Agee's correspondent securities clearing business and the independent wealth management business. The transaction will involve the purchase of three broker dealer entities and two…
Read more