Citadel’s E*Trade Exit Still Seen Blocked by Mortgages

Citadel’s E*Trade Exit Still Seen Blocked by Mortgages

Tim Boyle/Bloomberg News

The shares fell 52 percent in the past 18 months, even as E*Trade shrunk mortgages by 61 percent since 2007 and the biggest owner, Ken Griffin’s Citadel LLC, demanded a strategic review last year to address “catastrophic losses.”