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Company News

Morgan Stanley gets Fed approval to buy discount brokerage E*Trade Financial

Sept 30 (Reuters) - Morgan Stanley has received approval from the Federal Reserve to acquire discount brokerage E*Trade Financial Corp, the U.S. bank said on Wednesday.

Morgan Stanley and E*TRADE expect to complete the deal on Oct. 2, the bank said. (Reporting by Ankit Ajmera in Bengaluru; Editing by Amy Caren Daniel)

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