E*Trade to shutter institutional trading
The firm also hired Robert Burton, a Wachovia mortgage veteran, as CIO of its beleaguered banking business.
E*Trade Financial Corp. will shutter its institutional trading business but analysts are still fixated on whether the company can weather its lending woes.
The New York-based online broker will shed about 30 employees by closing this trading unit, which drew a yawn from one analyst.
“We esti
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