E*Trade Names New CEO, Explores Possible Sale
Embattled online broker E-Trade Financial Corp. said Monday it named Chairman Donald Layton, a veteran of JPMorgan Chase & Co., to take over as chief ...
Embattled online broker E-Trade Financial Corp. said Monday it named Chairman Donald Layton, a veteran of JPMorgan Chase & Co., to take over as chief ...
Silicon Alley Insider | Henry Blodget | Posted 03.28.2008 | Business
Demolished E*Trade finally gets a gold star for disclosure. After months of spin and selective data releases, the company finally opened the kimono on...
Bloomberg | Edgar Ortega, Adrian Cox | Posted 03.28.2008 | Business
E*Trade Financial Corp., the worst performer in the Standard & Poor's 500 Index last year, sold $3 billion of mortgage-backed securities and municipal...
Silicon Alley Insider | Henry Blodget | Posted 03.28.2008 | Business
E*Trade's ex-CEO Mitch Caplan (2007 "Goat of the Year") got a $10.9 million going-away bonus after blowing the company's value to smithereens. No surp...
Silicon Valley Insider | Henry Blodget | Posted 03.28.2008 | Business
E*Trade (ETFC) finally said something about its financial condition, apparently in attempt to 1) reassure customers, and 2) stop its stock's persisten...
Wall Street Journal | SUSANNE CRAIG, GREGORY ZUCKERMAN, MATTHEW KARNITSCHNIG | Posted 03.28.2008 | Business
On Monday, Nov. 12, Kenneth Griffin was boarding a plane to New York when he received an urgent call from Joe Russell, a lieutenant at Mr. Griffin's b...
Wall Street Journal | SUSANNE CRAIG, MATTHEW KARNITSCHNIG and DENNIS K. BERMAN | Posted 03.28.2008 | Business
E*Trade Financial Corp., which is ensnared in the mortgage crisis, said it is getting a $2.55 billion cash infusion from Citadel Investment Group, in ...
24/7 Wall Street | Douglas A. McIntyre | Posted 03.28.2008 | Business
In the current credit environment, there are several fairly big companies that could get in enough trouble that it would wipe out the common sharehold...
Wall Street Journal | DENNIS K. BERMAN, SUSANNE CRAIG, MATTHEW KARNITSCHNIG | Posted 03.28.2008 | Business
As E*Trade Financial Corp. moves closer to being sold, prospective suitors for the company are haggling over the value of its deteriorating mortgage p...
Silicon Valley Insider | Henry Blodget | Posted 03.28.2008 | Business
Here's your quiz for the morning: When a banking and brokerage firm buys ads in national publications assuring customers that they won't suddenly see ...
Silicon Valley Insider | Henry Blodget | Posted 03.28.2008 | Business
E*Trade CEO Mitch Caplan took an admirable and risky step yesterday: He went on CNBC and categorically ruled out bankruptcy. He acknowledged E*Trade's...
New York Times | Andrew Ross Sorkin | Posted 03.28.2008 | Business
E*Trade Financial lost more than half its market value Monday, after an analyst suggested that the company might have to seek bankruptcy protection if...
Forbes | Liz Moyer | Posted 03.28.2008 | Business
Things must be pretty bad if the next company to falter because of exposure to subprime loans isn't a bank, per se, but an online brokerage devoted to...
AP | Stephen Bernard | Posted 03.28.2008 | Business
Shares of online brokerage E-Trade Financial Corp. lost more than half their value Monday, with a Citigroup analyst saying customers were poised to fl...
Bloomberg | Edgar Ortega | Posted 03.28.2008 | Business
E*Trade Financial Corp. lost more than half its market value after the online brokerage forecast a decline in fourth-quarter earnings and a Citigroup ...
AP Via BusinessWeek | Posted 03.28.2008 | Business