FED – FED announces approval of notice by Morgan Stanley

The FED on Wednesday announced its approval of the notice under section 4 of the Bank Holding Company Act of 1956 & under section 163(b) of the Dodd-Frank Wall Street Reform & Consumer Protection Act by Morgan Stanley, New York, New York, to acquire E*TRADE Financial Corporation (“E*TRADE”) & thereby indirectly acquire E*TRADE’s subsidiary federal savings associations, E*TRADE Bank & E*TRADE Savings Bank, all of Arlington, Virginia.

Source: Federal Reserves

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