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Fed approves acquisition of Scotttrade by Toronto-Dominion
September 13, 2017 / 9:15 PM / 3 months ago

Fed approves acquisition of Scotttrade by Toronto-Dominion

WASHINGTON (Reuters) - The Federal Reserve on Wednesday approved the purchase of Scottrade Financial Services by Toronto-Dominion Bank (TD.TO), as had been expected.

    The deal brings together two of the biggest U.S. discount brokerages, TD Ameritrade and Scottrade.

    Reporting by Patrick Rucker; Editing by Leslie Adler

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