What does Schwab's president and CEO mean by 'the soul of a challenger'?
Charles Schwab To Buy TD Ameritrade In $26B Deal
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Schwab announced a $26 billion all-stock deal to acquire TD Ameritrade, creating a financial giant managing 24 million accounts and over $5 trillion in assets. Schwab's CEO emphasized the merger's strategic benefits, aiming to blend challenger spirit with institutional resources. However, analysts warn of potential antitrust scrutiny from federal regulators.
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What potential challenges could the deal face from federal regulators?
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