MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 1, 2011 E*Trade Has an Epiphany And the winner of the E*Trade sweepstakes is...E*Trade! The Wall Street Journal today reports 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." Printed from: MFWire.com/story.asp?s=38463 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |