Charles Schwab, America's biggest discount broker, struck a $26bn deal to acquire TD Ameritrade, a rival.

美国最大的折扣经纪商嘉信理财(Charles Schwab)以260亿美元收购竞争对手德美利证券(TD Ameritrade)。

On November 25th came a truce, and surrender: Schwab agreed to buy TD Ameritrade for $26bn in shares.

嘉信理财同意以260亿美元的价格收购德美利证券。

Ameritrade joined forces with TD Waterhouse, the discount-broking arm of Canada's Toronto-Dominion Bank, in 2006.

2006年，Ameritrade与加拿大多伦多道明银行旗下的折扣经纪公司TD Waterhouse合并。

That of its big rival, TD Ameritrade, suffered more, plunging by a quarter. TD Ameritrade followed in eliminating commissions two days later.

其最大的竞争对手德美利证券的损失更大，其股价下跌了四分之一。在两天后德美利证券也取消了佣金。

He's like, " I go to New York, I go take care of business with TD Ameritrade, I'm the chairman there, and then I come back and obviously have my role here with you guys." And I was like, wow, that's pretty interesting.

他就像，“我去纽约，我去处理 TD Ameritrade 的业务， 我是那里的董事长， 然后我回来， 显然和你们一起在这里扮演我的角色。 ” 我当时想，哇，这很有趣。