Fed approves Morgan Stanley acquisition of ETrade

Fed approves Morgan Stanley acquisition of ETrade
At the same time, Toronto-Dominion Bank’s acquisition of an ownership stake in the Charles Schwab Corp. was also approved
OCT 01, 2020
By  Bloomberg

Morgan Stanley has received Federal Reserve approval for its acquisition of discount brokerage ETrade 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.

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