Charles Schwab Archives - GV Wire

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Charles Schwab Buys TD Ameritrade in Brokerage Blockbuster

By Associated PressIn AP News, News, U.S.Posted November 25, 2019

NEW YORK — Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement accelerated by massive disruption in the online brokerage industry. Competitive pressure has already forced brokerages to make it free for customers to trade U.S. stocks online, and Schwab’s buyout combines two...