Etrade picks up HSBC broking customers

Etrade Australia will take over online stock broking business of HSBC. HSBC will still promote the Etrade service. Etrade also takes control of a St George Bank customer list. The purchase of the HSBC business, which has 40,000 direct clients, will boost E*Trade's market share to 26 per cent from 19.6 per cent.

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