Daily News: April 11, 2014

Reuters: Goldman, First Annapolis Advise H&R on Sale to BofI Federal

Reuters reported H&R Block announced it would sell its bank unit to BofI Federal Bank, generating excess capital of $200 million to $250 million.

Goldman Sachs and First Annapolis Consulting were the financial advisers to H&R Block, and Stinson Leonard Street and Covington & Burling were the legal advisers, Reuters added.

To read the entire Reuters release, click here.