| //09-10-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--The fourth Real Life Retirement quarterly pulse survey by Charles Schwab & Co., Inc. reveals that many retired Americans are lending financial help to their families, either by giving them money or managing their finances directly. Almost half (44 percent) of those who are retired admit to supporting at least one individual financially. Children (53 percent) and grandchildren (37 percent) top the list of such dependants. An additional 12 percent are contributing to their parents' finances.
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| //09-10-2009 |
Online investment firm offers free workshop to help customers learn how to make their own investment decisions
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| //09-09-2009 |
WASHINGTON, D.C. — September 9, 2009
Chairman Waters, Ranking Member Capito and Members of the Subcommittee, I’m Mary Coffin, head of Wells Fargo Home Mortgage Servicing.
Thank you for the opportunity to come before this Subcommittee today to discuss our continued commitment to doing everything we can to prevent avoidable foreclosures and to help stabilize the housing market. Wells Fargo may be a big corporation, but we operate with the conscience of a company determined to do what is right for our customers, our investors, and for all American taxpayers.
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| //09-08-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced the closing of its debt exchange offer for certain of its outstanding interest-bearing notes (the "Exchange Offer"). In connection with the Exchange Offer, the Company issued an aggregate of $1,739,616,000 aggregate principal amount of zero coupon Class A Convertible Debentures (the "Class A Debentures") and $2,255,000 aggregate principal amount of zero coupon Class B Convertible Debentures (the "Class B Debentures"). The Class A Debentures and Class B Debentures will be convertible into shares of the Company's common stock at initial conversion prices of $1.0340 and $1.5510 per share, respectively, but are otherwise identical in all respects. Based upon their respective initial conversion prices, the Class A Debentures will be convertible into 1,682,413,926 shares of the Company's common stock and the Class B Debentures will be convertible into 1,453,900 shares of the Company's common stock.
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| //09-08-2009 |
Online broker dealer TradeKing (www.tradeking.com) announced today it has added two top options educators to its All-Star Trade Report blog: former market maker turned educator Dan Passarelli of MarketTaker.com and options strategist Frederic Ruffy of WhatsTrading.com. Since March of 2008, TradeKing’s online Trader Network community has featured nearly a dozen expert commentators, offering insights on trading strategies and tips on becoming a more proficient investor. The TradeKing All-Star Trade Report blog is free and open to clients and non-clients alike through The Trader Network.
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| //09-07-2009 |
Online investment firm opens third office in growing San Antonio area on Tuesday, Sept. 8
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| //09-07-2009 |
Independent investment advisors who custody with Charles Schwab have access to a new, fully integrated website that helps them more efficiently manage their client accounts. Schwab Advisor Center™, located at www.schwabadvisorcenter.com, offers a host of new features and functionality that enable advisors to explore and use client data in a more flexible way, and integrates with Schwab Data Delivery™ (formerly SchwabLink®), the company’s enhanced data files delivery and data management application.
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| //09-06-2009 |
Scottrade Online Community Reaches 25,000 Members in First Year
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| //09-06-2009 |
Online investment firm offers personal support to investors in growing North Idaho area
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| //09-06-2009 |
A persistent undercurrent of uncertainty at the full-service wirehouse brokerage firms has been a game-changer for many financial advisors this year, prompting record moves to the independent registered investment advisor (RIA) channel. To help these advisors successfully transition to independence, Charles Schwab today announced its latest whitepaper, A Case for Starting or Joining a Registered Investment Advisory (RIA) Firm.
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| //08-21-2009 |
The event is scheduled for Saturday, Aug. 29 at the Westin Copley Place, 10 Huntington Ave.
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| //08-20-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced the results of its Special Stockholder Meeting at which the stockholders voted on certain proposals in connection with the Company's previously announced debt exchange offer. Holders of shares comprising a quorum of the Company's stockholders were present or represented by proxy at the meeting.
At the Special Stockholder Meeting, stockholders approved (1) the amendment to the Company's Certificate of Incorporation increasing the authorized shares of its common stock to four billion, (2) the issuance of the consideration offered to holders of notes in the debt exchange and (3) the potential issuance of shares of common stock or securities convertible or exchangeable into or exercisable for, common stock in connection with future debt exchange transactions in an amount up to 365 million shares. Stockholder approval of proposals (1) and (2) was a condition for the completion of the debt exchange. In addition, stockholders passed a non-binding resolution at the Special Stockholder Meeting advising the Company to terminate its Stockholder Rights Plan. As previously announced, the Company's Board of Directors, in the exercise of its fiduciary duties, will consider the outcome of the advisory vote in determining whether to retain or terminate the Stockholder Rights Plan.
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| //08-20-2009 |
NEW YORK, Aug 20, 2009 (BUSINESS WIRE) -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced today results of its previously announced debt exchange offer (the "Exchange Offer") to exchange newly-issued zero coupon Convertible Debentures due 2019 (the "Debentures") for all of its 8% Senior Notes due 2011 (the "2011 Notes") and a portion of its 12.5% Springing Lien Notes due 2017 (the "2017 Notes", and together with the 2011 Notes, the "Notes"). As previously announced, the Debentures issued in exchange for any Notes tendered during the period that ended at midnight, New York City time, on July 1, 2009 (the "Early Tender Period") will be Class A Debentures, which have a conversion price of $1.0340 per share, and the Debentures issued in exchange for any Notes tendered after the Early Tender Period and before the expiration of the Exchange Offer will be Class B Debentures, which will have a conversion price of $1.5510 per share. The Class A Debentures and Class B Debentures will be identical in all other respects. Also as previously announced, the offer to exchange 2017 Notes was oversubscribed during the Early Tender Period and, as such, acceptance of 2017 Notes tendered during that period was prorated and no 2017 Notes were accepted for exchange after July 1, 2009. The Exchange Offer expired at midnight New York City time on August 19, 2009. The results of the Exchange Offer are summarized in the table below.
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| //08-19-2009 |
NEW YORK, Aug 19, 2009 (BUSINESS WIRE) -- E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for July. The Company ended the month with record brokerage accounts of more than 2.7 million, including gross new brokerage accounts of 30,019 and net new brokerage accounts of 7,467. Total accounts ended the month at more than 4.5 million. Total Daily Average Revenue Trades ("DARTs") for July were 176,180 - a decrease of 10.3 percent from June and 3.6 percent from the year ago period.
Brokerage related cash increased 6.2 percent in July, while security holdings increased 8.1 percent. This was offset by a $415 million reduction in Bank related customer cash and deposits, as the Company continued to execute on its balance sheet reduction strategy. This led to a 6.6 percent increase in total customer assets in the month and flat net new customer assets. Customers were net sellers of approximately $800 million in securities in July.
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| //08-14-2009 |
Online investment firm provides local customer service, opens 425th nationwide office
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| //08-14-2009 |
SAN FRANCISCO--(BUSINESS WIRE)--Since the market meltdown of 2008, investors have become increasingly aware of their finances — with 51 percent of investors now thinking about their finances daily, as opposed to just 27 percent prior to the downturn, according to Schwab’s Make the Move survey. This appetite for engagement, coupled with the optimism around a market recovery, heightens the need for a financial refresher in order to translate thinking into positive action. In the spirit of back to school, parents and investors alike should consider enrolling in their own version of Personal Finance 101.
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| //08-14-2009 |
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| //08-13-2009 |
Online investment firm opens second New Jersey office in as many weeks to help investors make better informed decisions
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| //08-12-2009 |
Online investment firm provides local customer service, opens 425th nationwide office
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| //08-10-2009 |
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