News Formal

Inside the $26 billion Charles Schwab-TD Ameritrade deal: Analysis - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Charles Schwab's $26 billion deal for TD Ameritrade is an aggressive play for size that was set in motion before brokers started slashing commissions

The Schwab-TD Ameritrade deal is expected to close during the second half of 2020, the companies said in a statement.

Execs from Schwab and TD Ameritrade held a Q&A call after Monday's announcement, where analysts pressed for details on the timing of the decision, how combining the operations of the two firms would work, and what cost-cutting would look like in practice. "There are some elements like branch consolidation and real estate decisions that we expect will be decided and achieved relatively quickly," Peter Crawford, Charles Schwab's chief financial officer, said on the call. "Other areas like systems and technology platforms will require work that will span longer timeframes."

The two firms also cater to slightly different groups of clients, which analysts said could further complicate an integration.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Charles Schwab Acquires TD Ameritrade in $26 Billion All-Stocks DealThe all-stock deal, worth $26 billion, creates an online giant in the retail brokerage industry that has been gripped by a price war.
ソース: Forbes - 🏆 394. / 53 続きを読む »