Charles Schwab is in talks to buy TD Ameritrade, according to multiple media reports this morning. Why it matters: This would create a discount brokerage behemoth with over $5 trillion in assets under management. The combined company would be just behind BlackRock ($6.9 trillion) and Vanguard ($5.6 trillion). Schwab already was in third place with $3.85 trillion but adding TD…
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