Morgan Stanley to buy E*Trade Financial in $13 billion deal

Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in an all-stock deal worth about $13 billion, the biggest deal by a Wall Street bank since the financial crisis.

Morgan Stanley to buy E*Trade Financial in $13 billion deal
Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in an all-stock deal worth about $13 billion, the biggest deal by a Wall Street bank since the financial crisis.