Stilwell intends to use the proceeds from the sale to finance the purchase of shares of common stock in
The bonds, which have a face value of $810 million and were priced at 74.137 cents on the dollar, have a yield of one percent to maturity and are convertible into Stilwell shares at $43.22 under specified conditions. At the close of trading yesterday, shares of Stilwell common stock were trading at $29.30.
On Jan. 26, Stilwell announced it expected to acquire 600,000 shares of
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
