New York, September 08, 2015 -- Moody's Investors Service has placed the ratings of E*TRADE Financial Corporation (E*TRADE) (Ba2 senior unsecured) and the long-term ratings of E*TRADE Bank (Baa2 deposits) on review for upgrade, and affirmed E*TRADE Bank's Prime-2 short-term deposit rating. The rating actions follow E*TRADE's announcement that it will terminate the entirety of its $4.4 billion of legacy wholesale funding obligations by September 30.
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