Stifel Financial (SF) to Buy Finance 500 and CB Resource

Stifel Financial Corp. (SF) announced its plan to acquire Finance 500, Inc. and CB Resource, Inc., market leaders in the underwriting and issuance of certificates of deposits (CD). The terms of the deal remain undisclosed.Shares of SF lost 1.9% following the announcement of the transaction. Bearish broader market sentiments dragged the stock down despite this favorable development.The deal is expected to enhance and deepen SF’s CD funding offerings with market-leading CD underwriting, tech-enabled risk mana ...