First, brokerages cut commissions. Now they may be bulking up.
Share Now on:
The discount brokerage business has been going through a tumultuous couple of months. In early October, Charles Schwab announced that it was eliminating fees on equities, exchange-traded funds and options trades. One by one, its rivals followed suit. Now Schwab is reportedly in talks to buy its biggest rival, TD Ameritrade. Combined, the two brokerages would manage over $5 trillion in assets.
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.