Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

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

Wednesday, July 20, 2011 - 1:17 PME*TRADE Bank - Details
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).
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708