BROWSE BY TOPIC
Stories of Interest
- Deutsche Bank Reports Q2 Profit Surge, But Revenue Shortfall
- Deutsche Bank Warns on Outlook as Cryan's Turnaround Slows
- Jeff Bezos Surpasses Bill Gates as World's Richest Person
- Piper Jaffray Posts 2Q Profit
- Raymond James Beats Q3 Earnings on Improved Revenues
- Libor Funeral Set for 2021 - Now to Find a Rreplacement
- Halliburton Paying $29.2 Million to Settle FCPA Violations
- SEC Charges Two Las Vegas-Based Individuals and Their Company in "Prime Bank" Fraud
- Cohn and Yellen are Contenders to Lead the Fed - Trump
- The Boss Wants You Back in the Office
- Bond Trader Barred by FINRA Wins Arbitration for Unpaid Wages - Bill Singer
- How Does this Square with Trump? Putin Puts North Korea Ties Before Missile Threat
- Venture Funds Reach Dot-Com Era Levels (subsc reqd)
- Libor and London Whale Cases Show Hurdles With Foreign Defendants
- Silence Equals Complicity in Workplace Sexism
- Strange Case of Martin Shkreli Is Wrapping Up
- Citi Private Bank Promotes David Bailin to Global Head of Investments
- Billionaire Dan Loeb Bets Big on BlackRock, World's Largest Asset Manager
- Steve Cohen Planning to Launch $20Bn Hedge Fund
- ‘A Bleak Picture’ for Women Trying to Rise at Law Firms
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
E*Trade CEO Told to Boost Up the Volume or Firm May Be Sold
[Photo: E*Trade Baby from a 2013 Ad]
Since being promoted to chief executive for E*Trade Financial in September 2016, Karl Roessner has been taking steps to return the company to its former position as a technologically advanced brokerage firm. He also launched an advertising campaign in order to attract investors, per the report.
But the ETFC Board of Directors wants more. According to Zacks, they want Roessner to boost the company’s mix of derivatives and managed products – and to improve ETFC’s net new brokerage asset and account growth rates by 2–3% each. (In 2016, the firm acquired OptionsHouse, an online options broker, with a view to bolstering its derivatives platform.) Should he fail, the board may consider selling the business.
While company shares have gained nearly 6% over the last 6 months - outperforming the Zacks categorized Financial–Investment Bank index – the new demands are daunting for E*Trade’s former General Counsel – a position Mr. Roessner held for 7 years. Prior to joining E*Trade, he was a partner with Clifford Chance in the Corporate Practice group.