Financial Giant Morgan Stanley Acquires E*Trade in $13B Deal
Cointelegraph
Published Feb 20, 2020 10:37AM ET
Updated Feb 20, 2020 12:22PM ET
Financial Giant Morgan Stanley Acquires E*Trade in $13B Deal
Major investment bank Morgan Stanley (NYSE:MS) is buying online trading firm E*Trade Financial Group, which would extend the bank’s offerings to everyday investors.
The $13 billion deal marks Morgan Stanley’s largest takeover since the crisis of 2008, also bringing along E*Trade’s five million clients, $360 billion in assets and an online bank, the Wall Street Journal reported on Feb. 20.
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Written By: Cointelegraph
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