Keefe, Bruyette & Woods, Inc. ('KBWI') is a full-service boutique investment bank and broker-dealer that specializes in the financial services sector. KBWI is registered with the Securities and Exchange Commission ('SEC') and a member of the Financial Institutions Regulatory Authority, Inc. ('FINRA'), the New York Stock Exchange, Inc. ('NYSE'), and the Securities Investor Protection Corporation ('SIPC'), conducting a full-service investment banking and brokerage business in the United States. Stifel Nicolaus Europe Limited ('SNEL'), also trading as Keefe, Bruyette & Woods Europe ('KBW Europe') is a United Kingdom-based limited liability company, conducting an investment business regulated by the Financial Conduct Authority ('FCA') in the UK and Europe.
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Ratings and estimates included in any KBW research are not recommendations to anyone that they should engage in a transaction in the related securities. We do not make any representation or warranty that the research report contains the information that you need to make an investment decision. Providing you with a password to access the research information does not mean that KBW has made any assessment of the suitability of any transaction in securities for your personal investment. You must make your own individual investment decision in a specific transaction based on your own personal factors, including your investment objectives, financial position, liquidity needs, tax status, risk tolerance and your own assessment of the suitability of the transaction to fit within these factors. If you do not have the requisite level of financial sophistication to make a decision, you should consult with an expert before making any investment decision.
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Any links which may be provided to any other site are provided solely for information that you may find of use. KBW assumes no responsibility for the content or maintenance of any such site and makes no warranties, express or implied, with respect to any such linked site. Placement of a link to another site on the KBW web site does not guarantee the authenticity of information on such site. You should also be aware that certain types of information may become available to you during your use of our web site through 'pop up' screens or other types of links over which we have no control. Forms of software may be placed on your computer which track your internet use or provide information to unrelated parties which you may not want them to have. You should only follow such links if you have satisfied yourself as to the security of such a web site. You are responsible for maintaining the security of your own information technology systems and KBW makes no representation to you concerning the ability of unauthorized persons to intercept or access information transmitted by or to you through this or any other linked site.
A number of factors, such as high internet traffic, transmission problems, system limitations, hardware or software problems or other problems may lead to disruptions from time to time in your ability to access this web site. Many of these factors could be beyond our control and we cannot guarantee that you will be able to access any or all of this web site at a given time or over any period of time.
In Europe, this website and the information contained in it (this 'Website') are made available by KBW Europe. Stifel Nicolaus Europe Limited ('SNEL'), also trading as Keefe, Bruyette & Woods Europe, is registered in England and Wales, no. 03719559 and its registered office is 4th Floor, 150 Cheapside, London EC2V 6ET. Stifel Nicolaus Europe Limited ('SNEL'), also trading as Keefe, Bruyette & Woods Europe, is authorised and regulated by the Financial Conduct Authority (FCA) in the UK entered on the FCA's register, no. 190412 and is a member of the London Stock Exchange. Where this communication constitutes a financial promotion having an effect in the UK for the purposes of the United Kingdom Financial Services and Markets Act 2000, it is issued and approved for distribution (and solely for such purposes) by Keefe, Bruyette & Woods Europe. This website is provided for informational purposes only and is intended for use only by persons who have professional experience, or by persons to whom it can otherwise be lawfully distributed.
The information featured on this website may relate to services of an entity/person incorporated and operating outside of the UK or to other matters which are not regulated by the FCA. In such case, the provision of such services will not have the benefit of UK regulatory protections, including those provided in respect of the FCA rules and the UK compensation scheme. In particular, KBWI is based outside of the UK and the provision of services by it will not have the benefit of such UK regulatory protection.
Unless otherwise noted, this website and its contents are the property of KBW. The posting of information, trademarks and logos on this website shall not limit KBW's ownership interests in such materials. Users of this website may make single copies of information for their own personal use but are prohibited from selling or republishing any portion of this website without the prior written consent of KBW.
Authorized and Regulated by the Financial Conduct Authority
For a copy of Keefe, Bruyette & Woods Europe's regulatory disclosures, please call
+44 20 7663 5439
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