Fed Approves Morgan Stanley Acquisition of E*Trade
(Bloomberg) -- Morgan Stanley has received Federal Reserve approval for its acquisition of discount brokerage E*Trade Financial Corp., the U.S. central bank said in a statement on Wednesday. The Fed's order allows the companies' banking operations to merge.
At the same time, Fed approved Toronto-Dominion Bank's acquisition of an ownership stake in the Charles Schwab Corp.
©2020 Bloomberg L.P.
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