Most-read stories for the week include an article on TIAA becoming the second-largest U.S. insurer-owned bank with the EverBank deal and a report on Savings Bank Life Insurance Co. of Massachusetts' stock-to-mutual conversion.
TIAA becomes 2nd-largest US insurer-owned bank with EverBank deal
The balance sheet of TIAA's banking operations increased significantly during the second quarter thanks to the company's acquisition of EverBank Financial, newly released bank regulatory data show.
Stifel CEO optimistic about advisory revenue in H2'17
Stifel Financial Corp.'s investment banking advisory fee revenue jumped in the second quarter, but Chairman and CEO Ronald Kruszewski said the business can still produce better total results in the second half of the year.
Carlyle eyes $25B fundraising target for 3 buyout funds
Carlyle Group LP expects to raise about $25 billion in funds concentrated on the U.S., Europe and Asia, co-CEO David Rubenstein said on a second-quarter earnings conference call.
With rates stable, Allstate turning to growth, exec says
With its auto insurance rates largely stabilizing, Allstate Corp. executives said the company is in a sweet spot as most of its competitors either have "large indications" or are still boosting rates.
Basel III a catalyst for 'one of a kind' insurance deal
Savings Bank Mutual Life Insurance Co. of Massachusetts' mutualization represents the product of a unique history and evolving circumstances involving its banking industry shareholders.