1st Jun 2015 08:14
LONDON (Alliance News) - Investment bank Stifel Financial Corp is understood to be in advanced talks to acquire the US wealth management arm of Barclays PLC, Reuters reports.
Citing three sources familiar with the matter, Reuters said late Friday that Stifel is still negotiating key aspects of the deal with Barclays and the deal is not yet a certainty.
The sources said the deal could be announced as early as this week but were unable to provide any information on the potential value of the sale.
http://uk.reuters.com/article/2015/05/29/uk-stifel-financial-barclays-m-a-idUKKBN0OE2QM20150529
By Sam Unsted; [email protected]; @SamUAtAlliance
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