Express
Morgan Stanley Is Acquiring Discount Broker E*Trade For $13B
Summary: Morgan Stanley, the investment banking giant, is buying discount broker E*Trade Financial Corporation for $13 billion. According to a report from The Wall Street Journal, the all-stock deal is set to be announced today. This will reportedly be the biggest takeover by a giant U.S. bank since the 2008 crisis. Notably, E*Trade is a crypto-friendly ...
Morgan Stanley, the investment banking giant, is buying discount broker E*Trade Financial Corporation for $13 billion.
According to a report from The Wall Street Journal, the all-stock deal is set to be announced today. This will reportedly be the biggest takeover by a giant U.S. bank since the 2008 crisis. Notably, E*Trade is a crypto-friendly brokerage and was said to be getting ready to offer trading in bitcoin (BTC) and ether (ETH), but there has yet to be an official announcement.
By Ramsey Baker
Tags: acquire,E*Trade,Morgan Stanley
Link: Morgan Stanley Is Acquiring Discount Broker E*Trade For $13B [Copy]