E TRADE Financial Corp (ETFC)

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E*TRADE FINANCIAL Comments on Capital Protection Program
Friday November 7, 1:45 pm ET


NEW YORK--(BUSINESS WIRE)--E*TRADE FINANCIAL Corporation (NASDAQ: ETFC - News) today provided an update concerning its application to receive funding pursuant to the U.S. Treasury’s TARP Capital Purchase Program. The Company confirmed that it filed its application to receive $800 million of funding. It is currently being reviewed by the Office of Thrift Supervision, the Company’s primary regulator.

“We remain optimistic that we will receive approval and expect to make an announcement this month,” said Donald H. Layton, Chairman and CEO, E*TRADE FINANCIAL Corporation.