FYI - Morgan Stanley buying ETrade https://www.
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Posted On: 02/20/2020 9:04:53 AM
FYI - Morgan Stanley buying ETrade
https://www.nytimes.com/2020/02/20/business/d...e=Homepage
Excerpt: Feb. 20, 2020
Updated 8:28 a.m. ET
Morgan Stanley announced on Thursday that it would buy E-Trade, the online discount brokerage, for about $13 billion, in the biggest takeover by a major American lender since the 2008 global financial crisis.
The deal would give Morgan Stanley — long known as one of Wall Street’s most blue-chip names, whose asset management business already caters to the wealthy — a big share of the market for online trading.
https://www.nytimes.com/2020/02/20/business/d...e=Homepage
Excerpt: Feb. 20, 2020
Updated 8:28 a.m. ET
Morgan Stanley announced on Thursday that it would buy E-Trade, the online discount brokerage, for about $13 billion, in the biggest takeover by a major American lender since the 2008 global financial crisis.
The deal would give Morgan Stanley — long known as one of Wall Street’s most blue-chip names, whose asset management business already caters to the wealthy — a big share of the market for online trading.
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