What have you always wondered about the economy? Tell us

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

Justin Ho Nov 21, 2019
HTML EMBED:
COPY
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. 

Click the audio player above to hear the full story.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.