E*TRADE completed the acquisition of 1m retail brokerage accounts from Capital One for $109m.

E*TRADE, a provider of financial services including brokerage and banking products and services to retail customers, completed the acquisition of 1m retail brokerage accounts from Capital One, a diversified financial holding company that offers a range of commercial and retail banking, and credit card solutions through its subsidiaries, for $109m. "We are thrilled to welcome these new customers and to show them the best of E*TRADE, including our broad product suite, professional-grade tools, and exceptional service. This is a fantastic opportunity to materially broaden our footprint, efficiently adding a large number of customers to our highly scalable platform. We are already hard at work to deepen our engagement with these new customers and ensure their experience with us is seamless and first-class,” Karl Roessner, E*TRADE Financial CEO.