E*Trade's Biggest Investor Wants To Sell The Company

From CNNMoney.com:

Citadel [the hedge fund that owns a 9.8% stake in E*Trade Financial] is basically fed up after E*Trade posted four years of losses and saw its stock decline 94% over the last five years.

ETrade is finding its much easier to dump its bank deposits than its mortgage and loan portfolio.

ETrade Bank's Complete Savings Account rate is now 0.25% (1/20th of what it was in 2007).