Summary: TD Ameritrade and Toronto-Dominion Bank are shelling out $4 billion for online discount brokerage Scottrade Financial Services, which includes its banking operations, Bloomberg reports.
 Toronto-Dominion Bank and TD Ameritrade — created in 2006 when former Ameritrade Holding bought the bank’s network of U.S.-based independent advisors in return for a stake in the business — expect the deal to save them $450 million annually."Bloomberg News |
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