Charles Schwab To Buy TD Ameritrade In $26B Deal

Charles Schwab To Buy TD Ameritrade In $26B Deal

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Business

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Hard

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Schwab announced a $26 billion all-stock deal to acquire TD Ameritrade, creating a financial giant managing 24 million accounts and over $5 trillion in assets. Schwab's CEO emphasized the merger's strategic benefits, aiming to blend challenger spirit with institutional resources. However, analysts warn of potential antitrust scrutiny from federal regulators.

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