- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Fed Sanguine About US Recovery, Worried on Jobs
- Amended Berkshire Filing Reveals No 'Secret' Holdings
- Holiday Guide to This Season's Smartphones
- In Time for Holidays: More Gloom and Doom on Economy
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- NBA D-League On The Rise
- Australia Wheat Exporters Face Challenges: GrainCorp
- Stifling Anger at Work Can Kill, Survey Finds
- Japan Export Rebound Eases Fear of New Recession
- Trading Block
- Obama Reiterates Commitment to Boost US-India Ties
- Confessions of a Black Friday Shopper
- China Shipbuilding to Launch $937 Million China IPO
Text Size 
E-Trade Financial, the beleaguered online broker, is in talks to sell itself, according to people familiar with the situation.
 |
Still, the board is moving with all deliberate speed to see if it can get a deal done, according to people with knowledge of the talks.
The key issue is what to do with E-Trade's bank, whose foray into the mortgage market has brought disasterous losses. The company has been forced to write down its portfolio of mortgages.
While the presence of those mortgages on E-Trade's balance sheet presents problems for would-be acquirers and adds complexity to a transaction, bankers say that among the firms looking at E-Trade are those who know how to deal with troubled financial assets.
TD Ameritrade [AMTD
Loading...
()
] and Charles Schwab [SCHW
Loading...
()
] are among the firms believed to be talking to E-Trade, though that could not be confirmed.
E-Trade and Ameritrade declined to comment.
E-Trade's stock [ETFC
Loading...
()
], which tanked earlier this fall when the company's problems became public, has been up sharply since Wednesday.
In a CNBC interview earlier this month, TD Ameritrade Chief Executive Joe Moglia expressed interest in acquiring E-Trade's retail trading operation but cautioned that such a deal would only happen if it benefits both companies' shareholders.
Charles Schwab Chief Executive Charles Schwab also has said the company was interested in buying additional client accounts.
Print
Email
- Remember when auto shows were major events where new models could generate buzz?
- CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
- People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes