December 18, 2003 |
E-Trade Financial Corp. is moving its headquarters from Silicon Valley to New York next year in the company's latest step to distance itself from its roots as a dot-com rebel. The Jan. 1 address change, announced Wednesday, is seen as largely symbolic. The company, best known for its Internet stock brokerage, expects only three or four of the 360 employees at its Menlo Park, Calif.
November 23, 2006 |
Mitchell Caplan, E-Trade Financial Corp.'s chief executive, is reluctant to explain how his company came to own 1 million shares of BoysToys.Com Inc., a San Francisco strip-club operator that went bankrupt in 2001. "I'm not interested in talking about it so much," Caplan said in a recent interview. "It just encourages the bad guys." E-Trade, a discount broker, bought the BoysToys shares from customers whose accounts were stuffed with the near-worthless stock in August, according to a Sept.
May 13, 2005 |
E-Trade Financial Corp. on Thursday unveiled terms of a bid to buy rival discount stock broker Ameritrade Holding Corp., including $1.5 billion in cash and a 47.5% stake for Ameritrade shareholders in the combined company. Ameritrade's board said it rejected the offer. "The proposed deal represents immediate value creation for shareholders" of both companies, E-Trade Chief Executive Mitchell Caplan said in a statement. Ameritrade Chairman J.
January 12, 2001 |
E-Trade Group Inc., moving to diversify in order to weather the shaky stock market, said Thursday it will buy LoansDirect.com, a closely held online mortgage broker. Although specific terms weren't disclosed, E-Trade said the transaction will involve an exchange of stock. Huntington Beach-based LoansDirect, a major provider of online mortgages, will become part of E-Trade's bank subsidiary.
August 14, 2003 |
Online bank and discount brokerage E-Trade Group Inc. on Wednesday said customers traded less in July than in June even as the stock market continued to make headway. E-Trade's Chief Operating Officer Jarrett Lilien said the firm was pleased with its July results, though "it wouldn't surprise me" if August volume falls further in a traditional Wall Street summer slowdown.
November 30, 2007 |
Online brokerage and bank E-Trade Financial Corp. said Thursday that it was getting a $2.55-billion infusion from a hedge fund firm and ousting its chief executive after the company's shares plunged because of losses on securities linked to sub-prime mortgages. Chief Operating Officer Jarrett Lilien took over as acting CEO, replacing Mitchell Caplan, E-Trade said. Citadel, a Chicago-based hedge fund manager, will get a 17% stake in the company, plus notes issued by E-Trade, for $1.