E*Trade Financial Corporation

80 results about this entity

Period: 03 Jun 2004 - 02 Oct 2020

Former bank computer technician charged in $1m ID theft scheme

A computer technician has been charged with stealing the identities of more than 150 former colleagues at the Bank of New York Mellon and using the information to pilfer over $1.1 million from charities, non-profit groups and other institutions.

'Microdeposit' fraudster pleads guilty to $50,000 wire transfer scam

A California man has pleaded guilty to stealing up to $50,000 from online brokerages by opening thousands of accounts using the names of cartoon characters.

E*Trade units fined $1m over AML failings

Two E*Trade units have been hit with a $1 million fine for anti-money laundering (AML) policy and procedure failures by the Financial Industry Regulatory Authority (Finra) which says the online brokerage failed to implement automated electronic systems.

E*Trade optimistic on $800m government funding

Troubled online brokerage E*Trade has applied for $800 million in funding from the US government's bank recapitalisation programme.

E*Trade looks at Federal aid package after posting Q3 loss

Embattled online brokerage E*Trade is to apply for a hand-out from the US government's bank recapitalisation programme after recording a worse than expected third quarter loss of $50 million.

E*Trade pays $1m to settle SEC AML charge

Online brokerage E*Trade has agreed to pay $1 million to settle claims that two of its units failed to comply with US anti-money laundering (AML) regulations.

E*Trade sells Canadian unit to Scotiabank for $442 million

Online discount brokerage E*Trade has agreed to sell its Canadian operations to Scotiabank in a deal worth US$442 million.

E*Trade launches trading application for Blackberry users

Online discount brokerage E*Trade is launching a free software application designed specifically for Blackberry handheld devices which enables users to access their accounts, view streaming real-time data and make trades.

Payments scam nets fraudster $50,000 from online brokers

A California man has been charged with multiple counts of fraud for allegedly stealing more than $50,000 from online brokerages by opening thousands of accounts using the names of cartoon characters.

E*Trade sells Indian brokerage stake to HSBC

Beleaguered discount brokerage E*Trade says it is selling its stake in Indian firm IL&FS Investsmart to HSBC, in a deal that is expected to raise $145 million.

E*Trade posts $1.7bn Q4 loss; talks up turnaround plan

Struggling discount brokerage E*Trade has posted a fourth quarter net loss of $1.7 billion after it took a $2.28 billion pre-tax hit on the sale of its asset-based securities portfolio to hedge fund manager Citadel in November.

E*Trade to exit US institutional business; shares plummet on ratings downgrade

Troubled online brokerage E*Trade is disposing of its US institutional sales unit amid concerns that it needs additional capital to stay in business. The news comes after the broker's share price fell to an all-time low following a scathing report from a credit ratings agency.