E*Trade to close UK business - WSJ

E*Trade Financial is planning to close its UK brokerage business and focus on the US, according to the Wall Street Journal.

  0 Be the first to comment

E*Trade to close UK business - WSJ

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

E*Trade Securities customers have been told of the closure and given the choice of transferring their accounts or liquidating their positions, says the Journal, citing sources.

The move follows recent similar steps taken by Charles Schwab and TD Ameritrade to pull back from their European operations and concentrate on North America.

After getting badly burned by the US mortgage crisis and recording heavy losses, E*Trade has been gradually offloading large chunks of its business in places like India, Germany, the Nordics and Canada over the last few years.

E*Trade Will Close U.K. Brokerage - WSJ

Sponsored [New Impact Study] Are you ready for CBPR+? Accelerating modernisation and efficiency through ISO 20022

Comments: (0)

[On-Demand Webinar] Beyond Open Banking – Exploring the Move to Open FinanceFinextra Promoted[On-Demand Webinar] Beyond Open Banking – Exploring the Move to Open Finance