And the winner of the E*Trade sweepstakes is...E*Trade! The Wall Street Journal
that the online brokerage is staying independent after evaluating a sale of its bank and the entire company.
According to a filing
, the company contemplated everything from execution of its current strategy including strengthening its balance sheet and income statement, to mitigating credit losses on legacy loan portfolio and enhancing risk profile, to deleveraging the bank and an outright sale of the company.
It finally decided to not initiate a sales based on its "evaluation of likely candidates, ability to pay, synergies, financing and market considerations."
Stay ahead of the news ... Sign up for our email alerts now