Charles Schwab said to be in talks to buy crypto-friendly discount broker TD Ameritrade

Charles Schwab, the biggest investment brokerage firm in the U.S. with over $3 trillion in assets under management, is reportedly in discussions to buy rival TD Ameritrade.

The deal could be announced as early as today, CNBC reported Thursday, adding that it would create a conglomerate with $5 trillion in combined assets.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy