1.原文连结：
https://tinyurl.com/szfxvrn
2.内容：
Morgan Stanley to Acquire E*TRADE, Creating a Leader in all Major Wealth
Management Channels
大摩宣布并购亿创,加强财富管理业务
‧Combined platforms will have $3.1Tn client assets, 8.2MM retail client
relationships and accounts, and 4.6MM stock plan participants
合并后增加些管理资产,还有一大堆散户
‧Combination increases Wealth Management scale, fills product and services
gaps through complementary offerings, and enhances digital capabilities;
positions Morgan Stanley as a top player across all three channels:
Financial Advisory, Workplace, and Self-Directed
合并可以增强数位资讯能力,使资产管理/企业员工/散户等三种业务均为领先者
‧Significant cost and funding synergies will result in stronger financial
performance and shareholder value creation
合并当然会改善成本效益,实际上就是~~~
‧Combination accelerates Morgan Stanley’s transition to a more balance
sheet light business mix and more durable sources of revenue
合并可以让财报更好看,分散风险
3.心得/评论(必需填写)：
文章很长,有兴趣慢慢看
大摩此举会造成高盛进入散户市场的压力
IB股价开始上涨,转头看看高盛,IB会不会嫁入犹太豪门呢?
TDA掀起的连串并购最后演变成寡头市场