Yankee Stockbrokers going home

  1. 7,397 Posts.
    And Rene still has the money in his pocket and has been up and running again with his own followers for some time ,

    must be laughing

    Is another big overseas broker on its way back home with its tail between its legs?
    We hear around the traps that TD Waterhouse is for sale.
    The firm, which has a Canadian parent, expanded down under when it merged with the first of the discount brokers, Rivkin Croll Smith, several years ago.
    The local market has not been a happy hunting ground for an overseas stockbroker.
    It's been more broke than stock.
    Remember how the world's biggest discount operation Charles
    Schwab came here like a white tornado to clean up all the local operators?
    It didn't last long.
    Elsewhere - while we're on a roll - we also hear Merrill Lynch
    is scaling down its operations and selling its insurance activities (we
    never knew it HAD insurance activities).

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