Stifel Financial (NYSE: SF) has purchased Germany’s Mainfirst Bank to augment its equity research business in Europe and prepare for Britain’s departure from the European Union.
According to Reuters, financial details of the transaction were not disclosed. The deal is expected to close during the first quarter of 2019.
“Mainfirst carries a full German banking license, enabling Stifel to continue offering corporate advisory, brokerage, and investment banking services and clear and settle secondary…
