Greg Gable News
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E*Trade Financial Corp.’s next chief executive officer could find the brokerage’s 51 percent discount to net assets isn’t enough to attract a buyer any time soon, as mortgages from the housing bubble impede a potential sale.
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Money funds are covering small losses on their investments to avoid unsettling clients when tighter U.S. rules will require them to disclose even small shortfalls.
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Yahoo! Inc. , Google Inc. and at least one brokerage sustained slowdowns on Web pages that provide financial information as U.S. stocks tumbled and users swarmed the Internet for market updates.
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E*Trade Financial Corp. shareholders may only recoup 20 percent of their losses even if Citadel LLC is successful in pushing for a takeover.
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Charles Schwab Corp. wouldn’t pay more under a revised accord to resolve shareholder lawsuits over losses in its YieldPlus mutual fund than under a $235 million settlement announced in May, a lawyer for investors said.
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Bank of America Corp. , the largest U.S. bank by assets, is trying to attract investors with less to invest through a new online trading site.
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OptionsXpress Holdings Inc. investors filed three lawsuits challenging Charles Schwab Corp. ’s plan to buy the retail options brokerage for about $1 billion in stock, claiming the board failed to get the best possible price.
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Citadel LLC, the biggest shareholder of E*Trade Financial Corp., said the online brokerage’s decision to hire Morgan Stanley isn’t sufficient in addressing plans for a strategic review and called again for a special meeting.
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