Morgan Stanley‘s acquisition of electronic trading platform E-Trade may not have satiated its appetite for deals, the company said, according to Bloomberg. The bank plans to keep its eyes open for smaller mergers that could help build its asset management unit, said CFO Jon Pruzan...
Two deals this past week shone a spotlight on the lure of financial services — done digitally — and the “build vs. buy” debate, settled firmly on the side of “buy.” For Morgan Stanley and LendingClub, the respective acquisitions of E-Trade and Radius Bancorp show...
If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley, the massive bank will come away with a $375 million breakup fee, according to Reuters. Morgan Stanley entered a deal Thursday to buy electronic trading platform E-Trade, which would be the...
In a consolidation move for the brokerage space, investment bank Morgan Stanley has announced it will acquire electronic trading platform E-Trade for $13 billion, according to a report by CNBC. Morgan Stanley will pay $58.74 per share in an agreement that will consolidate $3.1 trillion...
February 24, 2020
Two deals this past week shone a spotlight on the lure of financial services — done digitally — and the “build vs. buy” debate, settled firmly on the side of “buy.” For Morgan Stanley and LendingClub, the respective acquisitions of E-Trade and Radius Bancorp show how “one-stop shops” and platforms are all part of a long-term roadmap.
February 28, 2020
Morgan Stanley‘s acquisition of electronic trading platform E-Trade may not have satiated its appetite for deals, the company said, according to Bloomberg. The bank plans to keep its eyes open for smaller mergers that could help build its asset management unit, said CFO Jon Pruzan at an investor conference on Thursday (Feb. 27). Wealth management […]
February 23, 2020
If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley, the massive bank will come away with a $375 million breakup fee, according to Reuters. Morgan...
February 20, 2020
In a consolidation move for the brokerage space, investment bank Morgan Stanley has announced it will acquire electronic trading platform E-Trade for $13 billion, according to a report by CNBC....
April 29, 2019
The Chinese government is backing the construction of a “blockchain city” in the shipping lane of the Malaysian Malacca Strait. Construction and engineering company China Wuyi and investment network SWT...
