Getting your player ready...
NEW YORK — E-Trade Financial Corp., which flirted with collapse amid the growing mortgage crisis, said Thursday it is getting a $2.55 billion cash infusion from Citadel Investment Group in a bid to revive the battered discount brokerage.
Citadel, one of the nation’s largest hedge funds, plans to buy E-Trade’s troubled asset-backed securities portfolio and take it off the brokerage’s books.
