Charles Schwab buys TD Ameritrade for $26 bln

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Expected to be finalized in late 2020, the merger between two of the largest U.S. brokerage houses will create a mammoth company that will be in the position to challenge major financial rivals.

According to market analysts the new company will be valued at 100 billion USD – twice the size of BofA Merrill Lynch. The deal however will have to pass through the antitrust regulators.

The new company will operate over 24 million customer accounts with more than 5 trillion USD in assets. The combined annual revenue of Schwab and TD Ameritrade exceeds 25 billion USD.


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