E*TRADE Reports Approval to Distribute $100M in Bank Capital to Parent Co.

By: Benzinga
E*TRADE Financial Corporation (NASDAQ: ETFC ) today announced that its subsidiary, E*TRADE Bank, has received regulatory approval to dividend capital to the Company's Parent. The capital distribution will take place during September, in the amount of $100 million. The Company intends to seek approval for similar distributions of $100 million per quarter, over
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