'Biggest Year Ever' for Depository M&A: Stifel CEO

Ronald Kruszewski, Chair-Elect at SIFMA and Chairman and CEO of Stifel Financial, says the firm has been recruiting people from other industries looking for a second career. He tells Romaine Bostick and Katie Greifeld on “The Close” that all assets, including homes, financial holdings, and gold, look richly valued, and Stifel isn’t pursuing growth for growth’s sake but focusing on shareholder returns. (Source: Bloomberg)