Schwab, the biggest online brokerage firm, has cut 3,900 jobs, or 15 percent.
Mr. Johnson, for example, did not buy an online brokerage firm; he built one himself.
What constitutes an investment recommendation when it comes from an online brokerage firm?
Other online brokerage firms spent far more than that, but still reduced their spending considerably.
Some online brokerage firms have recently increased their margin requirements.
Investors who trade through an online brokerage firm are provided with a trading platform.
The online brokerage firm is now averaging two million calls a week.
Around 1997, however, it began transforming itself into an online brokerage firm that could be used by small investors.
It is the largest online brokerage firm in Italy with over 800,000 customer accounts.
For one thing, the deal may end up bolstering deposits at the traditional bank, more than driving business to the company's online brokerage firm.