The Traderszone Network

Published in TZ Latest News 8 September, 2015 by The TZ Newswire Staff

E*Trade to post quarterly loss on bank-related charges

E*Trade Financial Inc said on Tuesday it expected to post a loss in the current quarter due to a charge related to a restructuring of its bank’s balance sheet. The company said it would eliminate all of the bank’s $4.4 billion of wholesale funding obligations by the end of the quarter.