Wall Street, searching for a fresh burst of growth, is going all-in on Main Street.
The latest effort on this front came this past week when Morgan Stanley (ticker: MS) unveiled a $13 billion all-stock deal to buy E*Trade Financial (ETFC), signaling that the elite Wall Street bank will compete aggressively for retail banking and brokerage customers. The combined entity will have revenue of $44 billion, eight million customer accounts, and $3.1 trillion of client assets.
...https://news.google.com/__i/rss/rd/articles/CBMiZWh0dHBzOi8vd3d3LmJhcnJvbnMuY29tL2FydGljbGVzL3doYXQtbW9yZ2FuLXN0YW5sZXlzLWUtdHJhZGUtZGVhbC1zYXlzLWFib3V0LXdhbGwtc3RyZWV0LTUxNTgyMzM4NTQw0gEA?oc=5
2020-02-22 02:29:00Z
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