1. It's official: Charles Schwab strikes $26 billion deal to buy TD Ameritrade

    It's official: Charles Schwab strikes $26 billion deal to buy TD Ameritrade

    Reuters

    • Charles Schwab officially announced a $26 billion deal to buy TD Ameritrade, combining two of America's largest discount brokerages.
    • The combined group will boast 24 million customer accounts and handle more than $5 trillion in client assets.
    • Schwab expects the tie-up to generate $1.8 billion to $2 billion in ongoing cost savings, and boost earnings per share by 10% to 15% in the third year after the deal closes.
    • Watch Charles Schwab and TD Ameritrade trade live.
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    1. We have long respected TD Ameritrade since our early days pioneering the discount brokerage industry.
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