Schwab Moves to Acquire Rival TD Ameritrade

The brokerage industry was abuzz Thursday morning on news that Charles Schwab (NYSE:SCHW) is acquiring rival TD Ameritrade (NASDAQ: AMTD) for $26 billion, headlines that sent the iShares US Broker-Dealers & Securities Exchanges ETF (NYSEArca: IAI) slightly higher. IAI includes exposure to...
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