The acquisition of E*Trade Canada doubles the bank’s presence in the online brokerage sweepstakes
Bank of Nova Scotia announced Monday that it will purchase E*Trade Canada from U.S.-based parent E*Trade Financial Corp. Under the agreement, Scotiabank will purchase E*Trade Canada for US$442 million ($444 million), subject to regulatory approvals. The deal will double Scotiabank’s footprint in the Canadian online investing market.“Scotiabank’s agreement to purchase E*Trade Canada demonstrates our commitment […]
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