First, brokerages cut commissions. Now they may be bulking up.

Justin Ho Nov 21, 2019
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Charles Schwab is reportedly considering merging with TD Ameritrade. Joe Raedle/Newsmakers

First, brokerages cut commissions. Now they may be bulking up.

Justin Ho Nov 21, 2019
Charles Schwab is reportedly considering merging with TD Ameritrade. Joe Raedle/Newsmakers
HTML EMBED:
COPY

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. 

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