Daily Archives: February 20, 2020, 11:39 am

Morgan Stanley confirms to acquire ETrade in $13 billion all-stock deal – MarketWatch

Morgan Stanley MS, -3.32% confirmed Thursday that is acquiring E*Trade Financial Corp. ETFC, +25.06% in an all-stock deal valued at $13 billion. Morgan Stanley will pay 1.0432 of its shares for each E*Trade share, equal to $58.74 based on its closing price Feb. 19. The deal “will significantly increase the scale and breadth of Morgan Stanley’s Wealth Management franchise, and…

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Whistleblowers Finding System Stacked Against Them – Government Accountability Project

Hong, a former managing director for an RBS subsidiary, reported wrongdoing at RBS to the Securities and Exchange Commission (SEC) in 2014. He says he provided thousands of documents and internal RBS emails to investigators as part of his testimony. Hong says the SEC handed his evidence off to other agencies—the DOJ and the Federal Housing Finance Agency (FHFA) among…

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