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TD Ameritrade, TD Bank Said to Near $4 Billion Scottrade Deal

  • Deal would combine two of the largest online brokerages
  • Toronto-Dominion Bank said to acquire banking operations

TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are nearing a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion, according to people with knowledge of the matter.

TD Ameritrade would acquire Scottrade’s brokerage operations for about $2.7 billion in cash and stock, while Toronto-Dominion would...


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