Welcome, Guest. Please login or register.

Author Topic: E*Trade gets $2.55 bln cash infusion from Citadel  (Read 861 times)

0 Members and 1 Guest are viewing this topic.

The Web Team

  • Hero Member
  • *****
  • Posts: 8755
  • Karma: 14
    • View Profile
    • Qwoter
E*Trade gets $2.55 bln cash infusion from Citadel
« on: November 29, 2007, 09:19:31 PM »
Online brokerage E*Trade Financial Corp , which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from Citadel Investment Group.

The agreement includes immediate funding of about $2.4 billion and rids the company of its $3 billion asset-backed securities portfolio.

New York-based E*Trade also named Chief Operating Officer Jarrett Lilien as acting chief executive. He replaces Mitchell Caplan, who has stepped down.
The Web Team
Qwoter.com

Tags:
 

Related Topics

  Subject / Started by Replies Last post
0 Replies
716 Views
Last post August 20, 2007, 02:00:36 PM
by The Web Team
0 Replies
651 Views
Last post August 29, 2007, 10:44:10 PM
by The Web Team
0 Replies
1302 Views
Last post September 19, 2007, 12:00:16 PM
by The Web Team
0 Replies
491 Views
Last post October 12, 2007, 09:00:46 PM
by The Web Team
0 Replies
929 Views
Last post November 09, 2007, 01:00:33 AM
by The Web Team
0 Replies
558 Views
Last post November 10, 2008, 10:00:23 PM
by Deez
0 Replies
435 Views
Last post December 09, 2008, 12:52:13 AM
by godoftrading
0 Replies
497 Views
Last post June 18, 2009, 02:01:06 AM
by The Web Team
0 Replies
157 Views
Last post August 05, 2009, 04:36:56 AM
by MTnews
0 Replies
224 Views
Last post October 05, 2009, 08:59:34 PM
by godoftrading