TD misses estimates as U.S. retail hit by interest rate cuts
The decline in net interest income combined was among the reasons why year-over-year profits at the U.S. operations fell for the first time since 2012. ... Read full article
News Topic: TD Ameritrade
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Will Schwab use TD Ameritrade deposits to fuel banking expansion?
In search of new sources of revenue now that it has slashed fees on stock trades, the brokerage giant could use the influx of deposits it will get from acquiring its rival to grow its loan portfolio and add new banking services. ... Read full article
TD gets bonus in Schwab deal; Will there be a yearend credit crunch?
The bank will continue to hold cash in sweep accounts until 2031, although at a lower rate; capital requirements could lead big banks to hold off lending. ... Read full article
Schwab, TD Ameritrade deal announced; Fannie, Freddie guarantees debated
The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing. ... Read full article
Charles Schwab to buy TD Ameritrade for $26 billion, reports say
Charles Schwab is buying TD Ameritrade for $26 billion, with a deal expected to be announced Thursday morning, Fox Business reports, citing unidentified people familiar with the situation. ... Read full article
Bank of America's Merrill Edge goes to zero-dollar trades amid price war
The move follows similar offers from other major brokerages in the last two weeks, as the wealth management industry races to woo clients with the lowest-priced products possible. ... Read full article
TD Ameritrade wants to steer customers toward in-car voice assistants
The brokerage expects customers will use conversational tech to check accounts and perform other financial transactions while stuck in traffic. ... Read full article
Once a doubter, TD is now bullish on crypto, blockchain
It's created a new digital assets and distributed ledger group, trades bitcoin futures and is funding a crypto exchange. ... Read full article
TD credits U.S. operations for driving profit gains in 4Q
U.S. earnings climbed 44% from a year earlier, aided by lower taxes, a widening net interest margin, record contributions from its stake in TD Ameritrade. ... Read full article
The challenge for virtual banking: Getting bots to care
AI-powered assistants will change the customer experience for the better, but first they must achieve a more human level of service, executives said during a discussion at Finovate. ... Read full article
Big banks pay up; Paytm eyes U.S.
Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand. ... Read full article
Three fears for banks that share customer data with Facebook, Amazon
Can the internet giants peek at bank data, or eavesdrop on conversations with customers, sent over their gadgets? Here are the facts and the fuzzy areas. ... Read full article
How TD Ameritrade tackles security in Facebook Messenger chatbot
Like many financial companies, the brokerage wants to go where customers are. Since that means communicating with them via a third-party platform, it is working through privacy and security issues. ... Read full article