What a Schwab-TD Ameritrade Merger Would Mean for Crypto

Credit: Coindesk- Published 3 weeks ago
A takeover of TD Ameritrade by Charles Schwab would marry one of the few mainstream financial firms to embrace crypto with one whose stance is less clear.

Credit: Wibbitz Studio
Published 3 weeks ago -  01:11
Charles Schwab to Reportedly Purchase TD Ameritrade
Charles Schwab to Reportedly Purchase TD Ameritrade . On Nov. 21, numerous sites reported that Charles Schwab is in talks to buy TD Ameritrade. The deal would reportedly be worth $26 billion. . It would also occur merely one month after both companies announced their plans to eliminate commissions for online trading. . TD Ameritrade CEO Tim Hockey initially hinted at the possible selling of the company in an interview with CNN last month. . During the interview, Hockey said TD Ameritrade would โ€œalways take a look at something that makes strategic sense.โ€. The merging of these two financial service companies would reportedly create more than $5 billion in combined assets. . According to the CEO of Apex Clearing, Bill Capuzzi, the merger was โ€œinevitable.โ€ . On the heels of all the zero-commission announcements, this was the inevitable next shoe to drop. A merger would make a lot of sense, Bill Capuzzi, to CNN. As of Thursday afternoon, shares of both Charles Schwab and TD Ameritrade were up 8 percent and 20 percent, respectively.

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