Wealth Management Reporter at Business Insider
1w · Edited
The $26 billion Charles Schwab-TD Ameritrade is the
largest securities-brokerage deal on record.
Executives have flagged nightmare phrases like
"geographic footprint rationalization" and "workforce
overlap” around how the firms' combination is going to play
out - and save up to $2 billion when all is said and done.
As with other mega-mergers, they're unlikely to spell out all
those plans publicly. For instance last year, when Schwab
eliminated 600 jobs (3% of its workforce) sources told
me there were layoffs in Denver, and that employees were
often left wondering where exactly the next wave of layoffs
was going to hit.
So we mapped out all 600+ branches to highlight those
overlaps. Our interactive graphic and full analysis are up
now on Business Insider.
https://www.businessinsider.com/charles-schwab-and-td-ameritrade-us-branch-maps-overlaps-2019-12