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Morgan Stanley Is Acquiring Discount Broker E*Trade For $13B

Ramsey Baker

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

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Link: Morgan Stanley Is Acquiring Discount Broker E*Trade For $13B   [Copy]
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