E*Trade

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01
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Part
01

E*Trade- Negative Press Search

Eight articles that are negative and would indicate that E*Trade has participated in poor business practices, has been almost liquidated, or has almost gone out of business are detailed below.

I) E*TRADE GOING OUT OF BUSINESS?

  • This is an article that appeared in Forbes, which claimed that E*Trade was in a bad financial situation. The article details how the company's shares dropped from $4.68 to $3.91 in trading, which represented a 54.5% drop.
  • The article states that a Citi Investment Research analyst claimed that E*Trade could face bankruptcy. The company also warned its investors of larger-than-expected write-downs in its fourth quarter.

II) IS MY MONEY OR BROKER ACCOUNT SAFE IF E-TRADE FAILS AND GOES BANKRUPT?

  • This article states that it was a trying time for people who had bought and owned E*Trade stock, since the company's share prices had plummeted by over 90% within the previous year. The article attributes the share plunge to Citigroup's downgrade in November 2007.
  • The article states that many account holders and investors were worried about the company's financial situation and some had left and moved their assets to other brokerage firms.
  • There were warnings from analysts that E-Trade was in desperate need of more capital infusion to stay in business.

III) How E*TRADE CAME BACK FROM A WIPEOUT

  • This article talks of how E*Trade was an enabler of the dotcom financial bubble and a wounded casualty of its collapse.
  • The financial crisis is said to have taken E*Trade to the brink of bankruptcy. It took the company almost a decade to recover from nearly going out of business.
  • The link to the article can be found here.

IV) E*TRADE IN TROUBLE, HEADED FOR BANKRUPTCY?

V) ARE E-TRADE ACCOUNTS STILL SAFE?

  • This article is in response to an E*Trade customer who was concerned about the financial troubles the company was going through and how this could affect their accounts.
  • The article assures customers that there were several safeguards put in place to protect their money if their broker, E*Trade, went bust.

VI) INVESTORS FLEE E*TRADE; WILL DEPOSITORS FOLLOW?

VII) E*TRADE TO LIQUIDATE ALL PROPRIETARY MUTUAL FUNDS THIS WEEK TO RAISE CAPITAL

VIII) E*TRADE CHIEF DENIES BANKRUPTCY RUMORS




Sources
Sources

Quotes
  • "Is it going from bad to Chapter 11 for E*Trade Financial ? On Monday, shares plunged 54.5%, or $4.68, to $3.91 in midday trading, after a Citi Investment Research analyst said the online brokerage could face bankruptcy. "
Quotes
  • "These are uneasy times if you are an E-Trade broker customer or investor. For those who bought and currently own E-Trade stock, these are probably one of the most trying times you've ever faced as share prices have plummeted more than 90% within the last year. Triggered by Citigroup's downgrade in November 2007, many investors and account holders are fearing the worst and some have jumped ship, shifting their assets to another brokerage firm."
  • "Just yesterday share prices tanked more than 20% in yet another day of volatile trading in response to further analyst warnings that E-Trade is in dire need of an additional capital infusion to stay in business."
Quotes
  • "E*Trade (ETFC) was both an enabler of the turn-of-the-century dotcom bubble and a wounded casualty of its collapse. A few years later the financial crisis took the company to the brink of bankruptcy."
Quotes
  • "The buzz today is that bad mortgage-related bets may end up costing E*Trade Financial its solvency, with National Mortgage News citing a Citigroup analyst as saying there is a 15 percent chance the depository will file for Chapter 11 bankruptcy protection."
Quotes
  • "I've been reading about the financial troubles that E-Trade is having now and am concerned about my accounts. "
Quotes
  • "While the bank assured customers that it remained “well capitalized by regulatory standards,” the analyst, Prashant Bhatia of Citigroup, theorized that a rush of withdrawals might leave the bank without enough funding to operate. "
Quotes
  • "E*TRADE just sent a letter out to all mutual fund holders to the effect that they will be liquidating their entire family of index mutual funds this week. All funds will be cashed out by Friday."
Quotes
  • "E*Trade Financial ( ETFC - Get Report) CEO Mitch Caplan on Wednesday "categorically" denied that the online brokerage firm was headed for bankruptcy, during an interview with CNBC."