hp ( formally TIAA - CREF ) is reportedly in exclusive talks to buy EverBank Financial for about $ 500 , as the 98-year old financial - services provider looks to expand its internet banking offering . The deal , which highlights the asset manager 's desire to diversify its operations , dovetails with TIAA Direct , a consumer - focused internet bank it launched four years ago , and MyVest , the digital asset management platform it acquired in June .
TIAA (formally TIAA-CREF) is reportedly in exclusive talks to buy EverBank Financial for about $2.5bn, as the 98-year old financial-services company looks to bolster its internet banking offering. The deal, which highlights the asset manager's desire to diversify its operations, dovetails with TIAA Direct, a retail-focused internet bank it launched four years ago, and MyVest, the digital wealth management platform it acquired in June.