Morgan Stanley acquires U.S. online stockbroker E * Trade for $ 13 billion

According to the Wall Street Journal, Morgan Stanley will acquire US online securities broker E * Trade for $ 13 billion. The transaction is scheduled to be announced today. This is said to be the largest acquisition in the US banking industry since the 2008 financial crisis. Last November, brokerage giant Charles Schwab agreed to acquire rival TD Ameritrade for a $ 26 billion all-stock deal. It is worth noting that, like TD Ameritrade, E * Trade is also a cryptocurrency friendly broker. It is said that E * Trade is preparing to provide Bitcoin (BTC) and Ethereum (ETH) trading services, but there is no official statement yet.