$26 billion: Charles Schwab buys BTC-friendly TD Ameritrade

in news •  3 months ago 

American financial giant Charles Schwab has announced the purchase of its Bitcoin-friendly competitor, broker TD Ameritrade, according to a press release.

The absorption will take place through the exchange of shares, the transaction amount is $26 billion. The premium to shares of TD Ameritrade will be 17% of the weighted average price of its securities for 30 days to November 20.

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The brokerage houses are going crazy. They all dropped their fees on stock trading now there is a merger. Are they feeling some pain?

I read something where they actually make more money off interest so more people who deposit and invest the more interest they earn.

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