STIFEL

Updated 04-May-2020.

Mondo shtuff from around the internet, all about STIFEL!

S.E.C. Sues Stifel Nicolaus Over Wisconsin School Investments: Stifel said it would take “15 Enrons” for the securities, which were tied to synthetic C.D.O.s, to fail. They did.

Stifel acquiring New York’s First Empire Holding: Based in Hauppauge, N.Y., First Empire provides fixed income products and services for credit unions, regional banks, insurance companies, pensions,and municipalities.

Stifel Welcomes ISM Team: Stifel Financial Corp. today announced that Stifel Nicolaus Europe Limited, its wholly-owned European broker-dealer, has closed the acquisition of ISM Capital LLP , an independent investment bank focused …

Stifel to buy former Lehman brokerage from Barclays: U.S. investment bank Stifel Financial Corp said on Monday it would buy Barclays Plc’s U.S. wealth and investment management unit, which is largely made up of the former brokerage arm of Lehman Brothers.

My botty best at summarizing from Wikipedia: Stifel Financial Corp. is an american multinational independent investment bank and financial services company . its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company . its clients are served through several wholly LM Capital Markets acquired investment banking, equity and fixed income research . in 2007, the company completed the acquisition of Ryan Beck & Co. from BankAtlantic Bancorp . the acquisition significantly increased the company’s presence in the east coast . the firm also opened several Private Client Group offices in the state of California . Stifel Nicolaus is the largest provider of US equity research . the firm hid the risks “through a series of falsehoods and misrepresentations,” alleged the S.E.C. school districts’ credit ratings were lowered and they lost their investments . the investments were intended to fund school employees’ retirement benefits . Stifel Nicolaus said it was “deeply disappointed” by the misplaced action Royal Bank of Canada had already settled with the Securities and Exchange Commission in September 2011 for $30.4 million . as of December 2013, Stifel was still pursuing RBC.