TD Ameritrade, TD Bank Said Near $4 Billion Scottrade Deal

Updated on
  • Deal would combine two of the largest online brokerages
  • Toronto-Dominion Bank said to acquire banking operations

Why Toronto-Dominion Is Buying Scottrade for $4 Billion

TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion, according to people with knowledge of the matter.

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