Business news for Thu, 29 Nov 2007 & with words brokerage+trade. 5 news.

NEW YORK (Reuters) - E*Trade Financial Corp is getting a $2.55 billion cash infusion from investors led by Citadel Investment Group, which is also buying the mortgage-related securities portfolio that has been the source of most of the discount brokerage's recent woes.

E*Trade Financial is getting a $2.5 billion cash infusion from hedge fund Citadel Investment. Mitch Caplan is stepping down as CEO of the discount brokerage firm, which has been ensnared by the mortgage crisis.

(Reuters) -- Online brokerage E*Trade Financial Corp., which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group. E*Trade shares, which lost about 80 percent of their value ...

NEW YORK (Reuters) - Online brokerage E*Trade Financial Corp (ETFC.O), which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group.

E*Trade Financial, the troubled Internet bank and brokerage, said Thursday it secured a $2.55 billion cash infusion from a group led by hedge-fund firm Citadel Investment Group. Funds managed by BlackRock will also contribute to the infusion, which E*Trade said will shore up its balance sheet and help restore customers’ confidence after it took big [...]