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E*Trade Adds Banking for $1.8 Billion
Posted by: Mary Hillebrand June 1, 1999 12:00 AM

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With online trading becoming more commonplace, investment services companies are looking for new ways to distinguish themselves from the trading crowd. E*Trade Group, Inc. (Nasdaq: EGRP) moved a step closer Tuesday with an agreement to buy Telebanc Financial Corp. (Nasdaq: TBFC) for a chunk of stock valued at $1.8 billion (US$).

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