Saxo Bank has entered into an agreement to buy E*Trade International’s local Nordic online trading business and online bank from E*Trade Nordic AB; this is an indirect subsidiary of US-based E*Trade Financial. The Nordic business includes client accounts in Denmark, Iceland, Finland, Estonia, Latvia, Lithuania, Sweden and Norway.
Saxo says the acquisition of one of Scandinavia’s established online bank and brokerages is part of its ongoing strategy of offering more saving and investment products to its clients.
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