E TRADE Financial Corp (ETFC)

[suzyHomemaker]

NEW YORK (MarketWatch) -- Donald Layton, chairman and chief executive of E-Trade Financial Corp. will leave the firm at the end of the year, E-Trade said on Wednesday. Layton "will have delivered on his commitment to the board...to oversee a recapitalization of E-Trade's balance sheet and lead a restructuring effort that has set the company's online brokerage business back on a growth trajectory," said the firm in a statement. E-Trade said it plans to name a successor to Layton before the end of the year. Shares of E-Trade were up roughly 4% in pre-market trading.